GBP/USD – Week 16 – Expecting another drop.
Updated
As we anticipated in our last week’s outlook, the sterling moved slow the whole week, as the price entered a bearish consolidation phase.
For this week, we expect the price to test one of the two resistance areas that we highlighted before making another attempt to break the previous low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to test one of the two resistance areas that we highlighted before making another attempt to break the previous low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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