Just as predicted GBP/USD did reach the resistance level at 1.5550 after a short pause while it was testing the resistance at 1.5390. The question is, what happens next? So far I see no indication for a move to the downside, but on the other hand, it’s still far too early to tell. I think the most prudent approach would be to just wait and see what candlestick the pair will form under the resistance level and whether it will break above it. I intend to keep my long positions open for now and I might open new ones depending on whether the pair breaks above the resistance or not.