GBPUSD 4H
Supports : 1.31800, 1.31450 & 1.31300
Resistances : 1.32100, 1.32250 & 1.32600
Close of this bar below 1.31900 would signal some kind of a correction to the downside – or sideways to down.
However close above 1.32050 would hint a possibility of breaking above the resistance channel line at 1.32250 and continuation of this sharp Up trend.
Cable is in the Up Trend, and even deeper corrections ( 1.30 area) wouldn’t change it.
