GBPUSD - Respecting Levels

As we can see from the chart, GBPUSD has been respecting the highlighted zones well.

I am expecting GBPUSD to reverse off its current level of support turned resistance, to revisit the June lows at the 1.36 region. Price has tried to break upward several times over the past couple of days, and for that reason my bias is short.



britishpoundcabledollarGBPUSDkeylevelspoundsterlingSupport and ResistanceTrend AnalysisDJ FXCM Index

Penafian