GBPUSD rebound the the support area. The pair had a significant rally after breakout from the red trendline. The pair is now just below the 21MA of h4 tf. The price may drop to the rising trendline or either breakout from the red trendline to resume uptrend. The support is at 1.6030 and resistance is at 1.6183.
The GBPUSD show a pin bar but this pin bar is insignificant. The next price action must be monitor for any direction. The daily support level is at 1.6000 and resistance is at 1.6280.
By The Backyard Burner
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