Buyers trap expected before drop on GU

5 ott 2020

GBPUSD is ranging mostly on the small timeframes, with the recent Brexit news specially causing loads of unexpected moves both to the upside as well as to the downside. As of now, my bias is correlating with the USD Index, indicating a weak Dollar before we see bulls kicking in. If we get a rejection off 50% to 76%, we could enter a risky short on it, otherwise we wait for the break of the ITL.