GBPUSD and the Pound in general suffered a lot lately. Nevertheless nothing moves in a straight line and I believe that the Pound pairs need to correct before anything else. But in the end we don't trade what we think but what we see. I see a possible A-B pattern for a wave C higher. I will be looking on the lower time frames for 1-2-3 reversal buy patterns. Keep in mind FOMC later today so if you enter a dollar trade before that event manage it closely in case we see spikes in the market.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.