Analysis GBP/USD
On the weekly chart, we see that the price is following my previous analysis. The price is now creating a potential lower low on the daily chart, but as I see it, the price will continue with the downtrend and form a new lower low below the current level.
Today's session closed with a Doji candlestick, which could indicate a potential pullback or the continuation of bearish momentum.
What we can also observe on the weekly chart is that the price has several liquidity (LQY) areas before forming a higher low in the weekly structure.
On the hourly charts, we saw a pullback today. In line with Dollar-related news, both the EUR and GBP are expected to be bearish tomorrow.
Today's session closed with a Doji candlestick, which could indicate a potential pullback or the continuation of bearish momentum.
What we can also observe on the weekly chart is that the price has several liquidity (LQY) areas before forming a higher low in the weekly structure.
On the hourly charts, we saw a pullback today. In line with Dollar-related news, both the EUR and GBP are expected to be bearish tomorrow.
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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.