Range Beginning to Form

Price on the daily and 4 hour chart of the GBPUSD is beginning to form a range pattern.

As the daily chart shows; price has now rejected the key resistance level twice and we have a swing low support level in place.

Whilst these range levels continue to hold we can begin looking for both long and short trades from the range support and resistance.

If price moves lower from here we can begin looking for potential long trades with a bounce from the range support.

Thanks for your like and support...