in our Forex weekly view we made mention of the GBPUSD with a possible move to the down side we have seen it declined in the past weeks down to 1.32779 . the cable which late managed to have a close above 1.32779 level previous week
currently the pair is trading around the 1.33 level we made mentioned of 1.33479 as an important level to watch in the coming days in as the market opens currently GBPUSD is trying to close below the 1.33479 which signifies a bearish sentiment and pressures for the pair
currently the H4 candle is pointing to a sell pressure for the pair
SET UP
if the H4 candle closes more bearish we could see a sell off back to 1.32779 and more
lets keep our fingers crossed as things unfold
Disclaimer: The above represents the sole opinion of the writer(DannyFxtips) and not in any why a financial advice
0 Comments