mql5

GBP/USD: ranging above 50.0% Fibo level. The intra-day H4 price is located above 100/200 SMA for the primary bullish market condition: the price is ranging within key Fibo levels waiting for direction.

• if the price breaks Fibo resistance level at 1.4458 resistance so we may see the secondary rally within the primary bearish market condition;
• if the price breaks 50.0% Fibo support level at 1.4257 so the reversal of the price movement from the primary bullish to the primary bearish condition will be started;
• if not so the price will be moved within the channel.

Resistance	Support
1.4458	1.4257
N/A	1.4056