GBPUSD_ wait for confirmation
GBP/USD continues to move in a consolidation range between 1.3500 and 1.3600.
It is headed toward the sixth daily close between 1.3515 and 1.3550.
A consolidation above the upper limited is likely to signal more gains ahead with potential targets at 1.3625/30 and 1.3660/70.
On the flip side, if the pair breaks and holds below 1.3500, the bearish pressure could intensify.
Support levels might lie at 1.3450/55, 1.3425 and 1.3380.
-RSI & MACD r both showing uptrend sign, however, RSI shows little divergence as the uptrend line broke at 30min time frame
It is headed toward the sixth daily close between 1.3515 and 1.3550.
A consolidation above the upper limited is likely to signal more gains ahead with potential targets at 1.3625/30 and 1.3660/70.
On the flip side, if the pair breaks and holds below 1.3500, the bearish pressure could intensify.
Support levels might lie at 1.3450/55, 1.3425 and 1.3380.
-RSI & MACD r both showing uptrend sign, however, RSI shows little divergence as the uptrend line broke at 30min time frame
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