GBPUSD Outlook & Analysis.
GBPUSD looks to be DOWN trending on the MONTHLY, currently in its Second phase of structure. (riskier to trade. we prefer Turnovers or 1st phase trades)* dropped down to a WEEKLY timeframe we see it making Lower lows, but Buyers came in making a Fresh Demand zone and is holding now, so no reason to continue selling untill zone has broken. That being said, if im now looking for BUY opportunities, after continuing to drop down to the DAILY I'd like for price to retrace to our FRESH DEMAND zone before its BULLISH run. On the 4hr we see it breaking its most recent trend line which would add confirmation to our buy setup. We need price to fall and get to our zone. So now on the HOURLY we're Scalping a SELL to our primary target.
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