GBP (GBPUSD, 6B1!) Weekly Forex Forecast.... BULLISH!
Updated
Bias is Bullish, overall.
Price has formed several +FVGs on the way to the DOL.
Potentially, a pullback to one can propel price higher to the draw on liquidity at 1.2810.
I do not think price pullback further than this +FVG at 1.2745. This is also the location of the
Volume Imbalance seen on the Daily TF.
Price has formed several +FVGs on the way to the DOL.
Potentially, a pullback to one can propel price higher to the draw on liquidity at 1.2810.
I do not think price pullback further than this +FVG at 1.2745. This is also the location of the
Volume Imbalance seen on the Daily TF.
Comment
Comment
DailyComment
Price looks to start the short term retracement.Watching the VI and looking at the structure.... they align at the top of the area of fair value.
Should be interesting to see price contact this area, as I believe there is potential for price to rally from it.
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