GBPUSD Retracement into demand zone
GBPUSD has been on an uptrend after hitting 6 month low demand zone, partly due to USD weakness after FOMC statements.
Upside was limited and resisted twice at supply zone before finally breaking though, after which was followed by a retracement back down into demand zone.
Expecting to see some consolidations in the key area before further upside movement.
Upside was limited and resisted twice at supply zone before finally breaking though, after which was followed by a retracement back down into demand zone.
Expecting to see some consolidations in the key area before further upside movement.
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