I’ve liked GBPUSD higher since November 20th. However, as many of you know, buyers still have work to do. Last weekend, I pointed out that GBPUSD bulls needed to secure a weekly close above 1.3480 to confirm the breakout. That’s something I’ve told Daily Price Action members for weeks. Why is a weekly close required? It’s because GBPUSD has been trading below the 1.3480 level since June 2018. You can’t use an intraday or even daily close above an 18-year level to confirm a breakout. And if you do, you’re likely to get caught up in a false break. Look no further than the price action since December 16th. But before we ... (full story)