#GBPUSD Weekly Analysis: More Downside Expected Sooner Or Later
Updated
GBPUSD has been creating bearish pattern and last week's rise was expected due to :
1. 38.2 Fib target hit
2. Mid of Bollinger Band hit
3. Weekly Bull candle hit (Mid of the M pattern)
So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from.
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1. 38.2 Fib target hit
2. Mid of Bollinger Band hit
3. Weekly Bull candle hit (Mid of the M pattern)
So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from.
Hit the like button and subscribe to my future analysis if you found this analysis useful. Thanks!!
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