GBPUSD - Daily - Psychological 1.30? Resistance or Support?
Right... Interesting...
Beautiful channel. Really is. Personally, I want to SHORT it, because this would be ideal for the next future move higher. By future I mean a few months ahead. This is if there won't be any shocking news. But it might change after the UK General Election. Anyway, there's a lot of "ifs".
The Daily seems to indicate that it would like a push higher, but the Weekly wants to go South. No action will be taken, until we break out of the channel. I won't be surprised if we will stay in the channel till the Elections on the 08.06.2017. But that's just an idea.
Keep an eye on the price action!
Beautiful channel. Really is. Personally, I want to SHORT it, because this would be ideal for the next future move higher. By future I mean a few months ahead. This is if there won't be any shocking news. But it might change after the UK General Election. Anyway, there's a lot of "ifs".
The Daily seems to indicate that it would like a push higher, but the Weekly wants to go South. No action will be taken, until we break out of the channel. I won't be surprised if we will stay in the channel till the Elections on the 08.06.2017. But that's just an idea.
Keep an eye on the price action!