BUY Area - 1.3877 (My first target is 1.4150)
SELL Area - 1.3837 (My target is 1.3500)
Yesterday as expected the candle when deeper to break this year Low at 1.3500 but only manage to meet 1.3547. From here without shy GBP/USD rebounded more 500 pip and break the initial resistance at 1.4025 and ended at 1.4064.
Today we expected this consolidations may countinues and the candle may try to break 1.4200 area as I mention on sunday report and if this happen the downtrend from 1.5372 price already accomplished and left the 24 year olds low at 1.3497 only if 1.4350 level break.
If this not happen the candle will try back to make a third try after yesterday move to break the 24 year Low at 1.3497 area to make new Low again at 1.3200 area.
Now look at H4 chart, if the candle penetrate the MA white colour line, the candle may go further up to break the R1 at 1.4171. If not the candle will try to find the Pivot point again at 1.3859. It is possible the candle will move deeper as we predict before. Let see what next my friends. Please refer to all your indicator and be more discipline.
Good Luck.
Allah Hu.
