Failed to close above daily channel resistance but demand noted
Bullish momentum fading but long lower candle hints at fresh buying
However, daily RSI is looking top heavy in o/b territory adj risk
Risk of a deeper pullback but cheaper buy levels the result
New trend high, 1.3955, initial resistance: bigger prizes above 1.4
We await next signal before looking at a trade
For more click on the links below.
GBP/USD daily candle chart: Click here