Since EURGBP has been showing that it bearish and respecting resistance levels I am bearish for the time being. The market has respected the first bearish OB on a daily TF and has closed under it. Also creating another Bearish OB near the first one. I would originally like to see the market make the Tuesday high of the week and continue to drop. Maybe that won't happen because of what happened on Mondays New York session but I don't think that the market will push past the FVG that I highlighted so I'll be using that as entries for some GBP pairs. Mainly GBPJPY since it is one of my favorites and has a similar setup. The one hour bullish OB that I have highlighted is my target until price action says otherwise.
Trade closed: target reached
Enjoy
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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.