Gbpusd is at incredible resistance, I cannot deny that. That past support area on the weekly just around where it’s currently trading has held like a rock before, and would appear to be holding right now. However, I also cannot ignore all the signs that are pointing to a further up move towards 1.4960. Taking into account the fact that this pair bounced off of monthly support, formed weekly double bottoms, and is currently making higher lows that stuubornly climbed back above the hrly trendline, I have to conclude that the bullish momentum will move it up, at least to test the trendline on the daily timeframe. The ... (full story)