GBPUSD short-term bearishness( short)
Hello traders,
Based on the overall market structure, GBPUSD is trapped between the trough at point 1.36200 and the peak at point 1.38900. This week structure got rejected at the expansion level at 1.37280 and it went to test the peak for the second time at point 1.38800 and got rejected by strong selling pressure. The market is in a selling pressure to test 4hour demand area at point 1.37450.
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Based on the overall market structure, GBPUSD is trapped between the trough at point 1.36200 and the peak at point 1.38900. This week structure got rejected at the expansion level at 1.37280 and it went to test the peak for the second time at point 1.38800 and got rejected by strong selling pressure. The market is in a selling pressure to test 4hour demand area at point 1.37450.
Please don't forget to like, share and comment your thoughts on this analysis for feedback purposes.
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