GBPUSD Outlook:
This week, I'm leaning towards a bearish bias on GBPUSD, following a clean break below the recent consolidation range, which hints at distribution.
However, I'm keeping a close eye on the 1.2827 level.
If price retraces and holds around that zone, I’ll be open to considering buy opportunities, targeting the 1.29232 area.
In summary:
My primary outlook is to look for selling opportunities this week.
But I’m flexible and ready to pivot if the market presents a valid buy setup around the 1.2827 level.
Patience and adaptability will be key. 👊
This week, I'm leaning towards a bearish bias on GBPUSD, following a clean break below the recent consolidation range, which hints at distribution.
However, I'm keeping a close eye on the 1.2827 level.
If price retraces and holds around that zone, I’ll be open to considering buy opportunities, targeting the 1.29232 area.
In summary:
My primary outlook is to look for selling opportunities this week.
But I’m flexible and ready to pivot if the market presents a valid buy setup around the 1.2827 level.
Patience and adaptability will be key. 👊
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