Next Stop for GBP/USD. Watch out for this key level !
GBP/USD is currently heading for the above Resistance level I have plotted on chart. Watch out for this key level. If it gets broken then chances for bulls are great but in my own opinion GBP/USD will get a strong resistance from this area and is most likely to be rejected with huge potential for Bears. Therefore my personal bias remains bearish after hitting the resistance but for now its heading towards resistance. We should decide according to price action at the resistance level. Every one out there talks about price action trading yes its the key to success but we should first know where to apply these candle stick patterns in our trading and key support resistance levels are zones where price action comes in to play for practical trading. Best of luck.