Daily Forex Update: GBP/USD

The intraday GBP/USD trended higher throughout Monday's session with a strong and steady rally-one that is now beginning to slow. This congestion can be seen on the 60-minute time frame, which has reached the upside Autochartist Forecast area between 1.5832 and 1.5893 (F). With the low, two-bar Initial Trend reading, the next entry trigger will likely come on a shorter-term time frame that has a sideways chart pattern alert.