GBPUSD analysis going into next week
Price recently rejected a major psychological resistance level of 1.34 with a weekly evening star candlestick formation. However price is still holding at a support level of 1.28
we must be patient in this type of market environment and let price tell us which way to trade. we must be reactive and not proactive. Trade what we see and not what we think/hope.
If we break below 1.28 will be looking for potential sell positions. if we break above 1.300 we could be taking buy positions up to 1.34
Price recently rejected a major psychological resistance level of 1.34 with a weekly evening star candlestick formation. However price is still holding at a support level of 1.28
we must be patient in this type of market environment and let price tell us which way to trade. we must be reactive and not proactive. Trade what we see and not what we think/hope.
If we break below 1.28 will be looking for potential sell positions. if we break above 1.300 we could be taking buy positions up to 1.34