FX.co ★ GBP/USD

Hello everyone! Let's mark the nearest resistance and support levels on the 5-minute Pound chart. The Pound plummeted today, so it might be a good idea to look for selling opportunities at key levels. As you can see, I have placed trades on the breakout of the support level, which is also the opening level of the day. This is a short-term trade, so I won't hold it for long. Next, I have a trade set up for a breakout of the resistance level with a target set higher. If I see any signs of a reversal, I will exit, as I prefer not to trade against the daily trend. There is a possibility of reversing at these key zones, but we'll see how it goes. Almost half of the drop has been bought back, so it will be interesting to see how things unfold in the consolidation zones. :)))