GBP USD Hourly Chart Analysis
GBP USD Hourly Chart Analysis
Price opened at midnight and immediately declined to sell side and reversing Tuesdays range. I anticipated that price would seek lower prices to the level of 1.26828 and was happy that it repriced to an order blocks mean threshold from last week Thursday. And with the 2 am red folder news price created a new low in London.
I suspect that price could seek lower prices to the level of 1.26090 yet I also consider price seeking equilibrium level 1.26808.
Price opened at midnight and immediately declined to sell side and reversing Tuesdays range. I anticipated that price would seek lower prices to the level of 1.26828 and was happy that it repriced to an order blocks mean threshold from last week Thursday. And with the 2 am red folder news price created a new low in London.
I suspect that price could seek lower prices to the level of 1.26090 yet I also consider price seeking equilibrium level 1.26808.
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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.