GBPUSD Trade

GBPUSD Daily

Its support-turned-resistance-turned-support scenario.

On daily charts, level at 1.6065 is of main importance as it defines next 50+pips move. 


This area has provided resistance on any spikes but when broken, has proved support. This area is on-off as support resistance.

I will be watching this area closely for any break and bounce and will trade accordingly.