GBPUSD Technical analysis

GBPUSD Daily

Market is Bullish. 21 is above the 55 indicating this is a bullish trend. Price is also bullish the 5 above the 8 moving average. From profit taking at MM2 has broken resistance to become support and made a higher high at MM4/1.3344. What i think will happen is that price will come back down to support at MPP/1.2990, make a higher low then head towards profit taking at MM4.

Source: MT4

GBPUSD H4

Market and price is bullish. What i predict will happen is that after breaking resistance at WR1 before being sold before coming back down to WPP before heading back up towards profit takingat WR2.

Source: MT4

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