The GBP/USD is currently in a noisy consolidation period on the D1 timeframe. There is a possibility of some great trades setting up.
If we take a look at the Technical Analysis, we see that overall trend is in a short/neutral state.
What Others Are Predicting
If price breaks and holds above D1 Resistance of 1.22858, then we have a nice setup for a long entry.
If price breaks and holds below MN1 Support of 1.21580, then we have a nice setup for a short entry.
Our long target range is 1.243274 – 1.275609
Our short target range is 1.205796 – 1.197806
Cheers to another successful week!