Currently, GBPUSD is showing signs of weakness and may dip slightly towards the 1.3000 to 1.3060 area. A daily Fair Value Gap (FVG) exists in this zone on the lower timeframes, which could act as a strong support area. From that point, we may see a significant bullish move.
In summary:
Current Bias: Short-term bearish
Expected Retrace: To the 1.3000 – 1.3060 zone (daily FVG)
Expected Move: Strong bullish rally from that support
Please note that this is a technical outlook, not financial advice. Always do your own analysis and manage risk carefully in live market conditions.
In summary:
Current Bias: Short-term bearish
Expected Retrace: To the 1.3000 – 1.3060 zone (daily FVG)
Expected Move: Strong bullish rally from that support
Please note that this is a technical outlook, not financial advice. Always do your own analysis and manage risk carefully in live market conditions.
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