GBP/USD-Daily analysis
Hello everyone!
-On GBP/USD we can see strong bearish movement and the price broke trough support line(yellow line) and close with solid red candle.
-We can expect few things like retest or breakout in upper direction.
-On lower time frames such as 1 and 4 hours we can see very strong bearish move and control of sellers.
-Now GBP is strong on daily base but for how long? GBP was weak whole week and USD is at very solid level.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On GBP/USD we can see strong bearish movement and the price broke trough support line(yellow line) and close with solid red candle.
-We can expect few things like retest or breakout in upper direction.
-On lower time frames such as 1 and 4 hours we can see very strong bearish move and control of sellers.
-Now GBP is strong on daily base but for how long? GBP was weak whole week and USD is at very solid level.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
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