GC IDEAS
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Price has failed to close above the 1.767 plenty of time on the daily TF if we see a close above 1.767 we can expect more movement to the upside.
I expect price to test the previous wick high area 1.78. After reaching this area we should see some consolidation back down to retest the 1.767 area which is a good area for a buy hoping to reach 1.8.
If price fails to move above the 1.767 area we can expect a move downwards to 1.75, if it breaks this then the next stop is at 1.725 area on the daily support.
I expect price to test the previous wick high area 1.78. After reaching this area we should see some consolidation back down to retest the 1.767 area which is a good area for a buy hoping to reach 1.8.
If price fails to move above the 1.767 area we can expect a move downwards to 1.75, if it breaks this then the next stop is at 1.725 area on the daily support.
Nota
Looks like the daily will close below the res, should see price continue down into next week if this is the caseNota
price didnt break resistance bounced off back down to daily support. clean af. if we break that bottom support expect retest and continuation downwars. Take into account fundamentals in play - Boris announcement today at 7pm could have an effect on GBP pairs this week.
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