The Daily Forecaster: GBP/USD

There’s still a risk of seeing 1.6069 but while it holds the outlook is bullish otherwise expect losses

The underlying MT direction is bullish while the daily bias is bullish. Therefore the main risk is higher. Ensure that key support levels hold. Note key resistance levels that would suggest continuation of the bullish move. Consider confirming this with a bullish set up pattern in price or an indicator. Only consider a possible larger reversal lower should key MT support break and is supported by a bearish set up in price or an indicator

Consider buy set ups at: 1.6069-81

Consider sell set ups at: 1.6060 or 1.6254-94

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