GBP/USD: Fluctuating Between $1.3467 and $1.3536

GBP/USD Signal Update

Yesterday, my suggested GBP/USD signal was not activated because the anticipated bearish rejection at $1.3536 only materialized after the London session had ended. A reliable way to spot a typical price action reversal is to look for an hourly candle that closes as a pin bar, doji, outside bar, or even an engulfing candle with a higher close. By monitoring how the price behaves at these key levels, you can take advantage of potential trading opportunities.

In my previous GBP/USD outlook, I mentioned that the most promising setups seemed to favor long positions, either from a rebound at $1.3467 or a breakout above $1.3550. However, neither scenario unfolded as expected.