My current outlook on GBPUSD. Right now we are in a middle ground for this pair. The Daily and higher timeframes are bearish and we are approaching a resistance on these higher timeframes. On the H4 and lower, we are in an uptrend currently. For me to look for price to continue bullish, I would need to see price respect the key psyc level and H4 exhaustion zone in the 1.2100 zone. If this key level is broken, I will be looking for sells on the following H4 lower high and exhaustion zone that we are keying on for this level. This would also create a retest on the backside of the H4 trendline. Patience is all we have to have now. I have alerts set and will not touch until one of these setups form.
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