GBP/USD perfect spot for a move
GBP has been bearish and we can all see it, but right now its flirting with a short squeeze. Last zone of defense for sellers is the 1.28 area.. if we can break that lot of stops will fuel us to a move up. If buyers fail and break support again we will be seeing a lot more downside. Keep an eye on DXY as it will help on knowing what is up.
Disclaimer
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.