Market conformed well to the levels given yesterday (www.tradingview.com/...YrE-26062023-GBPUSD/). Market came down perfectly from BZ to PZ, giving a 20pips short, then BZ held for a move to resistance, with that resistance holding perfectly for a dip but an eventual move higher. And this morning, market is held by PZ and moved up 20 pips but seem to be coming back down.
Anyway, I am looking at strength in DXY, probably tomorrow. Today, based on price action, and with price going to break out of the BZ, look for a possible move higher to 1.2744 (this is a very strong resistance) and possibly 1.2776 and then to look for weakness above for a pullback, and tomorrow, possibly further downside in GBPUSD.
But as I am typing this, I see that GBPUSD (and EURUSD) seemed to be failing the rally. Thus basically go long only on close above 1.2728 for a move to the 2 resistances above while if price breaks below 1.2712, look for a down, retest of 1.2712 for a move to possibly 1.2656. #OPINIONLEADER#
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