GBPUSD Breakdown Analysis
My outlook on GBPUSD for this coming week. Pound retraced to 62% fib retracement, but more liquidity lies at the 79% area, so price might move up from its current position or carry on downwards, tapping liquidity at 79% fib retracement and then shoot up. COT reports shows massive amount of shorts being closed on the Pound and huge amount of long positions being opened, indicating a price going long.
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Disclaimer
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.