Daily charts are beginning to turn up, price continues to consolidate within the defined ranges.
4 Hourly charts show a breakout of the downward trendline. Indicators are mixed to mildly bullish.
1 Houly chart like its 4 hrouly counter-part is mildly bullish with price currently stalled at the 300 lwma.
Conclusion -
An hourly close above the ma would trigger a long trade with indicators in mildly bullish mode. BUT, and its a big but.... Eur/Gbp shorter tf charts look tired and have boxed themselves into a wedge. I would prefer to see both the hourly and 4 hourly charts stronly bullish before entering a full unit trade long of Gbp/Usd, with the acompanying set-up short in Eur/Gbp. Wait and see..it may be a long day ahead..
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