#GBPUSD Weekly Analysis: More Downside Expected Sooner Or Later
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GBPUSD has been creating bearish pattern and last week's rise was expected due to :
1. 38.2 Fib target hit
2. Mid of Bollinger Band hit
3. Weekly Bull candle hit (Mid of the M pattern)
So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from.
Hit the like button and subscribe to my future analysis if you found this analysis useful. Thanks!!
1. 38.2 Fib target hit
2. Mid of Bollinger Band hit
3. Weekly Bull candle hit (Mid of the M pattern)
So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from.
Hit the like button and subscribe to my future analysis if you found this analysis useful. Thanks!!
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