GBPUSD Price Action – Bullish But At Key Resistance Zone | Feb 25

GBPUSD – Bullish Momentum Continues Into Key Resistance Zone (D1 chart)
Continuing its bull run from our buy setup back at 1.5330/45, the GBPUSD (now almost 200 pips higher) has cleared the first hurdle and resistance at 1.5500. The pair is now in a key resistance zone up towards 1.5606.

Any impulsive selling here and break back below 1.5500 would mean 1.5450 and 1.5345 would be under attack. However a break and close above here on a daily basis means the MT structure is now bullish as well.


Also in our members commentary today, we cover the EURUSD, AUDUSD, USDCAD, USDCHF & GOLD. Click here to become a member.

Read my latest article Meditation for Trading – My 15 Years of Practice

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article