Yesterday this pair broke the last resistance that keeps it from climbing to the 1.55s region.
As the RSI is highly overbought now, a retracement into the structure level is very likely, but if this level holds then a hike is very possible.
Pay close attention to the news today, there is important news for both GBP and USD and this rally might be accomplished before you know it. Personally I'm looking to go long between 1.5300 and 1.5320 with a stop loss below 1.5260. Potential profit is 180-200 pips.
Hit that like button if you agree and may the pips be with you !
As the RSI is highly overbought now, a retracement into the structure level is very likely, but if this level holds then a hike is very possible.
Pay close attention to the news today, there is important news for both GBP and USD and this rally might be accomplished before you know it. Personally I'm looking to go long between 1.5300 and 1.5320 with a stop loss below 1.5260. Potential profit is 180-200 pips.
Hit that like button if you agree and may the pips be with you !
Check out my FREE indicator scripts:
► www.tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
► www.tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle