GBP has been trading upwards, exactly what I expected yesterday. Our targets at the price of 1.2330 and 1.2380 are reached. My advice is to exit your long entries due to strong resistance on the test at 1.238-1.2400. Red rectangle – Important resistance levels
Green rectangle s– Resistance levels
I found important resistance at the price of 1.2380 on the test and I do expect at least downward correction. Support level is found at 1.2339 (recent swing highs). MACD oscillator is showing increase on the upside momentum but the resistance is on the test and my advice is just to take profits from yesterday and eventually try sell scalp and target potential test of 1.2340
