DariusAnucauskas
Short

GBPUSD - Daily - Watch today's close.

FX:GBPUSD   British Pound / U.S. Dollar
I will be a genius her and say that it might go up or down.
But on the serious note, this is a very interesting level.

Depending on how this day will close, that will set a new strong trend to either of the sides. If we will get a nice bounce from here, then this upwards trend will continue going higher and we might see some new highs this year.
But there is a strong indication, that this could actually drop and we could get a re-test of the previous 1.20 level. I would prefer to see that, to be honest, because if it would get to 1.20 and then bounce of it to the upside, that would be a good bullish sign for buying the £ against the $. Also, that would form a Double Bottom on the Weekly.

So my sentiment at the moment is SELL, but like I said, if we will start getting reversal candles this week, then I will change my view. But let's wait and see.

Keep an eye on the price action!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out