The GBPUSD is trading near a long term resistance level:
Here is my plan:
If the GBPUSD breaks the green resistance level, it will trigger a bullish market condition and only long opportunities will be in play
If the Pound breaks the green support level, it will trigger a bearish market condition and only short opportunities will be in play.
If the GBPUSD keeps trading in between both green lines, I will do nothing.
Tags: GBPUSD Analysis