GBPUSD: Down more than 1900 points since the Cloud Chart sell signal!

GBPUSD: Down more than 1900 points since the Cloud Chart sell signal! GBPUSD managed to find support at the lows of 1.1957 and rebounded from that zone! Two short trades the primary sell on the weekly cloud generated more than 1700 points and the secondry cloud chart cross sell signal generated more than 1400 points!

GBPUSD now on its way to test cloud chart resistance at the bottom end of the cloud.

GBPUSD broke past the 1.2266 resistance level, and is now back above the top end of the cloud. Price action above the cloud is bullish, and any price action below the cloud is bearish. Bullish on 4 hour, still bearish on daily and weekly cloud with bottom end cloud chart levels as the key resistance zones on the daily and weekly.