GBP/USD Price Analysis: Bulls are trying to pick up a discount with focus on a correction – by fx_ross GBPUSD Technical Analysis
, it was noted that the bulls were in play with eyes on a move higher in order to restest resistance and mitigate price imbalances on the hourly and 15-min charts respectively, and as follows:
The price corrected higher, but the volatility and lack of structure have been a tricky one to navigate due to fake out after fakeout, at least on the hourly chart. Nevertheless, should the minuite charts offer a bullish structure and opportunity, it could look something like as follows:retracement scale aligns with prior structure areas as illustrated above and below, zoomed in:
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