The GBPUSD has been strong in recent weeks as you can see if you look at the weekly chart (not shown here) showing higher highs and higher lows. We are looking for price action buy signals on a dip lower. Traders can watch near-term support near 1.5500 for buy signals if price rotates lower (see daily chart below). We will remain bullish on this pair whilst price is buoyant above key support at 1.5330.
Post by Nial Fuller, founder of learn to trade the market.com
Post by Nial Fuller, founder of learn to trade the market.com
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