On GbpUsd, I'm still anticipating a trend reversal of some sort. Even though the triple top pattern didn't play out, it seems as if the weekly resistance level is holding up very well. Price has tested the level almost 6 times, with no success of closing past it. This is showing me that price is having a real difficult time continuing it's bullish trend, and could possibly be in store for a reversal.
Considering price is ranging between the weekly resistance and significant suport level, I'll still be awaiting a bearish movement past the support level to trigger a bearish reversal. For now, just patience.
Considering price is ranging between the weekly resistance and significant suport level, I'll still be awaiting a bearish movement past the support level to trigger a bearish reversal. For now, just patience.