GBPUSD Weekly Analysis
GBPUSD Weekly Analysis
Since Aug 28 price has been in a discount delivering lower prices. I was happy to see that a FVG to the sell side from March was repriced.
Price did deliver sell side to a noted Weekly SIBI however I suspect that we will need to see buy side be delivered that area before it is balanced. I am watching that as an indication for higher prices.
On the lower timeframes evaluation a sense that we could continue to be bearish this week as price continues to see lower prices.
I was looking the DXY to compare if it goes up we will surely be shorting as the week unfolds.
Since Aug 28 price has been in a discount delivering lower prices. I was happy to see that a FVG to the sell side from March was repriced.
Price did deliver sell side to a noted Weekly SIBI however I suspect that we will need to see buy side be delivered that area before it is balanced. I am watching that as an indication for higher prices.
On the lower timeframes evaluation a sense that we could continue to be bearish this week as price continues to see lower prices.
I was looking the DXY to compare if it goes up we will surely be shorting as the week unfolds.
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