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Pre-Makret analysis for Sunday 7/11/2021
* Analysis / Sentiment *
GBP/USD had a decent week providing 100+ pip moves up and down. Price ended off
the week with a bullish impulse. What I have in mind is that price could have correction
here, as I was saying about GJ.When the market opens, price could keep the bullish power
and end up pushing to 1.394 or make a small retracement to 1.388 then go up. On the other hand, if price starts
heading down and starts closing below 1.39 & 1.388, It has the potential of continuing down.
Keep in mind this is an overview of GBP/USD as we are coming in to the new week.
Still need to evaluate the strength of GBP and USD individually to get a good bias.
I will update this as we go into London session.
* Key Levels *
1.398
1.394
1.388
1.376
* Disclaimer * This is my analysis, anything you execute on is on you.
- James
Pre-Makret analysis for Sunday 7/11/2021
* Analysis / Sentiment *
GBP/USD had a decent week providing 100+ pip moves up and down. Price ended off
the week with a bullish impulse. What I have in mind is that price could have correction
here, as I was saying about GJ.When the market opens, price could keep the bullish power
and end up pushing to 1.394 or make a small retracement to 1.388 then go up. On the other hand, if price starts
heading down and starts closing below 1.39 & 1.388, It has the potential of continuing down.
Keep in mind this is an overview of GBP/USD as we are coming in to the new week.
Still need to evaluate the strength of GBP and USD individually to get a good bias.
I will update this as we go into London session.
* Key Levels *
1.398
1.394
1.388
1.376
* Disclaimer * This is my analysis, anything you execute on is on you.
- James
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.
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.