GBPUSD technical analysis.
GBPUSD - Daily
Market (21 above 55) is bullish. Price (5 above 8) is bullish. Stochastic is moving up. Price is at resistance level, MM3/1.26. The speed of the Market (21/55) doesn't look strong enough to break through that resistance level, as the 21/55 doesn't have a steep angle of separation. Next resistance levels are: 1.265, MR1/1.27 and MM4/1.28. Support levels: MPP/1.24, 1.21 and MM1/1.205.
GBPUSD - H4
Market (21 above 55) is bullish. Price (5 above 8) is bullish. Stochastic is over bought. Price is at WM4/MM3/1.255. As per pivot point theory, WM4 is where the bulls take profit. I will look for a lower low before selling. The next resistance level is WR2/1.26.