GBP/USD, what a resistance!
1.5640/80 is holding the Pound on the way up for six weeks in a row. Well, that is resistance! Is it possible for Pound to retreet and collect some strenght lower and try again? As we can see, from this level it ain’t working and that could be the next possible move here. Daily MA’s 100&200 are ‘connected’ now and they will aproach 1.5440/60 level soon. If the pair fell down there, that could be the best long entry level on this pair, either the buyers are ready from 1.5500. For sure it’s interesting to watch for and to search the best opportunitie for bigger move up. I am a little bullish here for now, but not enough for long entry, how about you?