It looks like GBPUSD has hit a key area of support price on the weekly time frame. The market moves of this area very well and I believe the probability of it moving to the upside is high. It has tried to move of the area but has been a little bit of a pull back currently into the support zone. This tells me there may be some consolidation before the bullish trend takes off. There is a possibility of a liquidity sweep by smart money, where retail traders bought of this zone as soon as the market entered in expectation of it going up straight away. In conclusion my analysis is that for the next 1-3 weeks the market will either range or move to the downside for a liquidity sweep then move for a big bullish trend.
Comentário:
DAILY TIMEFRAME*