GBPUSD setting up for a short squeeze.
1.4050 looks likely to be the last area of support before a short squeeze sending GU higher toward 1.43.
On the H1, previous levels of resistance is consistently providing support. Has happened a number of times that I have indicated on our chart.
Trend is up and pull backs are becoming smaller suggesting a squeeze on the cards.
Daily Chart MA's are lagging, might consolidate for a day or 2 before extending higher.
On the H1, previous levels of resistance is consistently providing support. Has happened a number of times that I have indicated on our chart.
Trend is up and pull backs are becoming smaller suggesting a squeeze on the cards.
Daily Chart MA's are lagging, might consolidate for a day or 2 before extending higher.