GBPUSD pair traded last week making high at 1.3476 and low on Friday at 1.3132 closed the week at 1.32178 keeping in view price pattern of last week the pair faced selling pressure. In previous analysis market followed and respected the trend line however closing below the trend line on H4, we can say market has entered into bearish market for the time being...
Presently the market moved as per prediction we would be looking for buying opportunities from range of 1.3275- 1.3285 at the moment price is 1.3322 slight upward and than downward move toward 1.3285 range is possible therefore we will wait and look for buying from 1.3285 range with target 1.3380 range Disclaimer: Its not trading idea these are purely market...
GBPUSD is trading at 1.3396 at the moment the price likely to go 1.3406 and than drop to support trend line which is 1.3308-1.3287 i will be looking for closing of H4 if it closes below 1.3408 i will short the pair, this is purely my analysis trade at your own responsibility