GBPUSD - incradable drop...
Morning Traders,
GBP is losing grip on holding Price high. Negotiation with Eur look like it will be hard Exit.
Also, USD getting stronger. These two factors are main reason that price drop like the ball.
Price passed TL1 amazingly fast with extraordinarily strong momentum.
At this point is to late to enter position and we must wait for the next signal.
For the next candle we have wait 28 minutes. At this point look like will price will slow down and move sideways and later drop down. But let’s wait and see. I will monitor progress for you.
Significant supports are 1.315, 1.31 and 1.303. I suspect that price will drop further down with some small corrections.
Vertical red line indicating potential reversal signals (up/down movements).
Don't forget likes this analysis.
cheers,
Jim
GBP is losing grip on holding Price high. Negotiation with Eur look like it will be hard Exit.
Also, USD getting stronger. These two factors are main reason that price drop like the ball.
Price passed TL1 amazingly fast with extraordinarily strong momentum.
At this point is to late to enter position and we must wait for the next signal.
For the next candle we have wait 28 minutes. At this point look like will price will slow down and move sideways and later drop down. But let’s wait and see. I will monitor progress for you.
Significant supports are 1.315, 1.31 and 1.303. I suspect that price will drop further down with some small corrections.
Vertical red line indicating potential reversal signals (up/down movements).
Don't forget likes this analysis.
cheers,
Jim
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