Unlike in the equity markets, a nice clear trend is in evidence in GBPUSD. The price has eased back from its latest highs, finding a floor around the 13-EMA. Continued upside is the likeliest outcome here. I reiterate my target of $1.6880.
DAY: I’d buy a bounce from here.
POSITION: Nothing for now.
| SUPPORT | RESISTANCE |
|---|---|
| $1.6756 | $1.6925 |
| $1.6720 | $1.6880 |
| $1.6687 | $1.6820 |
| $1.6638 | $1.6800 |
