..just @ desk updating charts. I see price dropped down to the prev 1hr/minor 4hr sw lo zone = prev supp = pot supp that extends to y/day's 2685 lo and found strong support, resulting in a run-up to just beyond the prev 1hr/minor 4hr sw hi zone = prev res = pot res that extends to y/day's 2525 hi, but the b/o proved false (to 1hr so far,) as resting orders were met that acted as supply, taking price back down.
Hopefully we'll see an increase in volatility for the last 3 days of the trading week starting with Tomorrow's Uk Cpi/Rpi/Ppi releases. Any overshoot on the forecast could well see a sell-off with any undershoot potentially seeing more gain for gbpusd?
The prev dly sw hi zone that starts @ 2709 and extends down to circa 2677 is still intact on that t/f as pot rbs. Below that on same t/f the same (but a wider zone,) starting @ 2634 and extending down to circa 2551. Above the current dly hi on the same dly t/f there is a prev dly sw hi zone = prev res = pot res that extends from circa 2787-2804, and this is coexistent with a prev minor dly sw hi zone that extends up to 2823. We could well see a 3rd consecutive bullish-bodied dly candle close later.
1hr then dly below
...
below taken from the London evening Standard.
Hopefully we'll see an increase in volatility for the last 3 days of the trading week starting with Tomorrow's Uk Cpi/Rpi/Ppi releases. Any overshoot on the forecast could well see a sell-off with any undershoot potentially seeing more gain for gbpusd?
The prev dly sw hi zone that starts @ 2709 and extends down to circa 2677 is still intact on that t/f as pot rbs. Below that on same t/f the same (but a wider zone,) starting @ 2634 and extending down to circa 2551. Above the current dly hi on the same dly t/f there is a prev dly sw hi zone = prev res = pot res that extends from circa 2787-2804, and this is coexistent with a prev minor dly sw hi zone that extends up to 2823. We could well see a 3rd consecutive bullish-bodied dly candle close later.
1hr then dly below
...
below taken from the London evening Standard.
Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
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