GBPUSD Is still under pressure

Hi there,

If you were in my weekly market outlook then i hope you are aware that where GBPUSD is being traded. It is at a good spot where we can see one more drop before we see longer term reversal on GBPUSD.

Lets come to the point.

How you can trade on this chart.

1. Price is trying to form the top and pushing lower slowly. We are expecting this trend will continue pushing lower.
Watch lower time frame correction like 1hr to 4hr and look for sell.

Or

2. Wait for the price to test the top again and then go for short.

or

3. Wait for my update.

Good Luck.

Kommentar: