Bellow is 15m chart.

gbpusd-15

We can see that price was in consolidation from yesterday NY session till today’s London open. Then I tested DM3 resistance again and broke it. Then it reject it and price went up from it. Now I expect that price will go and test DR1 then I will look for small retrace, maybe to marked level at red rectangle or once again to DM3 and then up again. Additional resistance I see at 1.5440. So lets see how things will develop.

gbpusd-4h

Don’t forget that we have UK Interest rate decision in short 1h time. We don’t expect much new regarding interest rate decision, but still this could bring some volatility to the market and price could go down and up when news will came out.

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