GBP/USD Outlook: Bullish or Bearish?
GBPUSD As the new week unfolds, market uncertainty ahead of potential interest rate cuts, GBP/USD could go in either direction on Monday.
Bullish Scenario: The price revisits the IVFG, respecting it once more before disregarding the marked BPR and continuing its upward trajectory, rallying to take out sell-side liquidity.
Bearish Scenario: The price fails to respect the IVFG, revisiting it for a bearish continuation to clear buy-side liquidity.
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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.