GBP / USD - PRE MARKET UPDATE
Yo
Pre-Makret analysis for Sunday 7/11/2021
* Analysis / Sentiment *
GBP/USD had a decent week providing 100+ pip moves up and down. Price ended off
the week with a bullish impulse. What I have in mind is that price could have correction
here, as I was saying about GJ.When the market opens, price could keep the bullish power
and end up pushing to 1.394 or make a small retracement to 1.388 then go up. On the other hand, if price starts
heading down and starts closing below 1.39 & 1.388, It has the potential of continuing down.
Keep in mind this is an overview of GBP/USD as we are coming in to the new week.
Still need to evaluate the strength of GBP and USD individually to get a good bias.
I will update this as we go into London session.
* Key Levels *
1.398
1.394
1.388
1.376
* Disclaimer * This is my analysis, anything you execute on is on you.
- James
Pre-Makret analysis for Sunday 7/11/2021
* Analysis / Sentiment *
GBP/USD had a decent week providing 100+ pip moves up and down. Price ended off
the week with a bullish impulse. What I have in mind is that price could have correction
here, as I was saying about GJ.When the market opens, price could keep the bullish power
and end up pushing to 1.394 or make a small retracement to 1.388 then go up. On the other hand, if price starts
heading down and starts closing below 1.39 & 1.388, It has the potential of continuing down.
Keep in mind this is an overview of GBP/USD as we are coming in to the new week.
Still need to evaluate the strength of GBP and USD individually to get a good bias.
I will update this as we go into London session.
* Key Levels *
1.398
1.394
1.388
1.376
* Disclaimer * This is my analysis, anything you execute on is on you.
- James
Disclaimer
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