The GBP/USD has been rejected from the W L3 Zone and at this point we can see the price moving up.
The price is trapped between 2 zones W H3 and W L3. This is the time for retracement towards W H3 level. The 1.2600 zone could be good for sellers. If the price doesn’t close above 1.2600 we should see a move down. However, the 1.2500 zone is where buyers are. 1.2500-1.2600 seems to be the current range. Any close above 1.2600 or below 1.2500 will mark the next breakout move.
Many green pips,
Nenad Kerkez aka Tarantula FX