GBPUSD Buy Analysis 5x Entries

With 1.31231 broken (daily close above this level) a re-test of 1.135346 the next major resistance level is likely.

We now wait on price to pull back and establish a level of resistance for a buy entry. Currently we have 5 options outlined below which we need to wait for price to test and for the market to decide on which level to resist a move lower.

1.31231 - prior major resistance level that could now become support

1.31000 - phycological level that could serve as support

50% fib level + price structure at 1.30470

61.8% fib level + price structure at 1.30206

1.3000 - phycological level that could now become support