GBPUSD currently on strong support. As per Fibonacci projection, prices may go up to 423% level. May enter trade if Daily candlestick close above of swap zone.
Price approaching RBD zone, fakeout r1,r2,r3 and breakout on r4. Weak demand spotted. Short it!!
Watch for the important level. 161.8 188.8 261.8 288.6 423.6 488.6
What will going to happen next? It's all about probability.
I'm looking for short position in this area
Price uptrend showing weak movement. We are looking for sell position at DBD area which giving us good risk reward ratio.
We have a little opportunity to sell GbpJpy at RBD area. Be careful with this position since we do have price gap above this area.