GBPUSD APPROACHING DISCOUNT PRICES
📊GBPUSD CHART ANALYSIS
Trend?📈📉
•4H - Bearish⬇️📉
•Daily - Bearish until next UNMITIGATED demand zone⬇️📉
•Weekly - Bullish📈(retracement phase)
-The pound 💷 has been strong for the whole year making higher highs and higher lows. We have an overall bullish weekly trend with an UNMITIGATED demand zone and fair value gap below our recently violated higher low.
- Price is slipping lower just before nfp and with new month ahead. We can anticipate price to open lower and give us a low of month before continuing a steep bullish trend📈⬆️.
An update will be posted next month on this pair. For now, price is too 🏦💱expensive to fill enough buy orders to fuel the bullish trend further (or atleast to reverse market to new trend)
Trend?📈📉
•4H - Bearish⬇️📉
•Daily - Bearish until next UNMITIGATED demand zone⬇️📉
•Weekly - Bullish📈(retracement phase)
-The pound 💷 has been strong for the whole year making higher highs and higher lows. We have an overall bullish weekly trend with an UNMITIGATED demand zone and fair value gap below our recently violated higher low.
- Price is slipping lower just before nfp and with new month ahead. We can anticipate price to open lower and give us a low of month before continuing a steep bullish trend📈⬆️.
An update will be posted next month on this pair. For now, price is too 🏦💱expensive to fill enough buy orders to fuel the bullish trend further (or atleast to reverse market to new trend)
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