Analysing Forex from The Market side & perspective.
Not many things we can analyse in GBPUSD because The Market has no trading volumes in the moment. We have seller positions at 1.2359 since May,12 and an empty zone after quick uptrend of 180 pips. The Market tends to go down to fill the empty zone while The Sellers open more positions. No buyer positions right now, but They may open new positions if The Market forms a new support level above the empty zone to increase trading volumes. It is better to join The Sellers to fill up the empty zone before The Market decides it next moves.
Not many things we can analyse in GBPUSD because The Market has no trading volumes in the moment. We have seller positions at 1.2359 since May,12 and an empty zone after quick uptrend of 180 pips. The Market tends to go down to fill the empty zone while The Sellers open more positions. No buyer positions right now, but They may open new positions if The Market forms a new support level above the empty zone to increase trading volumes. It is better to join The Sellers to fill up the empty zone before The Market decides it next moves.
