GBPUSD-Weekly Market Analysis-Dec20,Wk1

Last week we did talk about the ascending triangle and the important level for it to break and close above it's the bearish shark formation. Right now the market has retested the support level of the previous ascending triangle, yes, we can see big bearish candle but don't forget the long shadow when it approaches the support level(blue line).

As long as the market didn't break and close below the support I'll be looking for buying opportunity, the first target goes to the previous high which is the bearish shark entry price.

I know what you are thinking, that's a small target, well, measure the movement. It is a good 90+ pips opportunity out there.