Gbpusdforex
GBPUSD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD | Is This a Temporary Break?GBPUSD | Is this a temporary break?
Despite weak data from Europe and UK, GBP is not giving up at all.
Since mid-July, the price is still holding very strong and it
continues to progress in very small steps making this trade difficult.
The volume of the current season is also very low adding a negative flavor to it across the market.
In our current setup, the price could go down to 1.2040 and could go up
again for the next bullish move. Overall, I am still bullish as long as the GBP is holding strong.
If the price manages to fall below 1.2040 it may drop further to 1.1800
Thanks and good luck!