GBP brief as we head into the US session

Just some quick thoughts on GBP as it looks to have given up on 1.3600 for now.

  • Finding support around 1.3560 with better at 1.3540/50 being the Nov high break point. 55 H1MA at 1.3541
  • Further support down at 1.3515/20, then 1.3500
  • Break of 1.3500 likey to see stops with support next at 1.3480/85
  • Possibility of a double top formation at 1.3615/20. Look for another failure to confirm at the highs or 1.3600
  • Nearby resistance building at 1.3570 & 80, more in place at 1.3590/1.3600
GBPUSD H1 chart

GBPUSD H1 chart

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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