GBPUSD: Watching market opening for potential long

2020-01-27 02:19:18

Closely monitoring GBPUSD for a potential long. Price broke the descending wedge last week. It is not approaching a retest of the trendline and a horizontal resistance level. If FIB is taken from the previous swing low to high, price might also reject the resistance around the 0.5 FIB level.

Let me know what your plans are for this pair!