GBPUSD: Weekly Forecast 6th February 2022
GBPUSD made a strong weekly gain but gave up a portion of it at the end of the week.
The drop caused a break in the upside momentum and could cause the market to consolidate first.
This week, we will wait for the price to climb a little higher first and look for selling opportunities around 1.3570.
We will also be looking for a buying opportunity at 1.3500 when price pulls back further.
The drop caused a break in the upside momentum and could cause the market to consolidate first.
This week, we will wait for the price to climb a little higher first and look for selling opportunities around 1.3570.
We will also be looking for a buying opportunity at 1.3500 when price pulls back further.
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