GBP/USD - Daily Analysis
Price has dropped around 500 pips from its 1.3433 peak at the end of September to 1.2906 at the end of last week.
What's interesting is that price now sits at the trendline. Will price break or bounce? Traders already in sells may be inclined to take full or partial profits at this point.
Traders who are not in the GBP/USD market should consider sitting and waiting for further clues.
What's interesting is that price now sits at the trendline. Will price break or bounce? Traders already in sells may be inclined to take full or partial profits at this point.
Traders who are not in the GBP/USD market should consider sitting and waiting for further clues.
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