from 10th Feb: The major poc has just migrated lower, back to 1.2933 (from 1.3128). Price below that level would be a weak position. GBPUSD currently prints very close to that Support.

The major poc has migrated to GBPUSD 1.3128 from 1.2933.  Time printed above 1.3208, the minor 1/2R off Dec high, (dashed line on chart) would put GBPUSD in a strong position.

GBP to USD 24th January 2020 GBPUSD has held major support at 1.2933 since early December. I wrote on 24th Dec “GBPUSD has rallied strongly from early October and had been printing above the 1.3130 major poc. That poc has now migrated to 1.2933 (now Support) and GBPUSD needs to hold that level to remain […]

GBPUSD non-reportables approaching extreme position. They have a poor record. Price below the 1.2933 controlling price, red line, would put the chart in a weaker position.

GBPUSD major poc (measured on a 30minute basis) has migrated back up to 1.3130. Chart now needs to hold this level to remain in a strong location.

The major poc (measured on a 30minute basis) migrated lower to 1.2930. This changes the positional strength of the chart. The poc migrated yesterday and GBPUSD subsequently jumped. As the chart is now printing above that level it is in a strong position and that is the change.

GBPUSD: the chart bounced again from the second test of 1.2481 (30mn poc). Potentially a double-bottom here if that Support holds.