Key Trend Points: 1hr frame analysis
- Waiting for pullback to value at $1.4220 to take it higher on assumption it bounces from the white ascending trend line. Failure to hold that level could see it retrace towards nearer term support line at $1.4167 levels. On the flip side, bullish trend supported by inverted head n shoulder pattern which suggest a further push in the upside is in the works. For next week's trading session, we see $GBPUSD resistance levels on the 1hr chart are as follows: $1.4281 & $1.4335 and $1.4366, while support levels are seen at: $1.4167, $1.4065, and deeper below at $1.4036