I believe that if the market is heading higher to challenge the 1.39+ Area, this is the right time to buy The continuation of the bullish momentum is due in my opinion
The overall move for the week seems bearish still despite Wednesday and Thursday consolidation , I believe the market is getting ready for a new weekly low. Sellers above 1.28.
Calling this long on the intraday as I saw an expansion pattern developing to take out the Asian high. 1 to 4 RR.
I believe GbpUsd is continuing the move lower to around 1.27100 taking out last week's low. The current corrective move will possibly take the NY session high to find sellers around 1.29 which is the previous intraday structure support and the BoE interest rate announcement low . FX:GBPUSD