GBPUSD selling is more stronger bias this week
**Monthly Chart**
Last month candle closed lower with a thin pin bar formation after taking the high of Dec 2023 candle. This suggests the move towards 1.2000 (round number) is near after balancing the FVG candle of Nov 2023.
**Weekly Chart**
After testing the liquidity pool and breaking the previous monthly high. GBPUSD moved around 250 pips to the downside. The pair is reaching critical areas near daily equal lows and might create an opportunity to buy at that level. However, we need to be cautious as the price might break the low and continue aggressively towards 1.2000 level (extreme discount level).
**Daily Chart**
I will be looking for short-term buying opportunity if only the price coils around 1.2500 but if it moves aggressively and creates a signal for selling GBPUSD then I am going to sell this pair towards the minimum target of 1.21000 level.
Last month candle closed lower with a thin pin bar formation after taking the high of Dec 2023 candle. This suggests the move towards 1.2000 (round number) is near after balancing the FVG candle of Nov 2023.
**Weekly Chart**
After testing the liquidity pool and breaking the previous monthly high. GBPUSD moved around 250 pips to the downside. The pair is reaching critical areas near daily equal lows and might create an opportunity to buy at that level. However, we need to be cautious as the price might break the low and continue aggressively towards 1.2000 level (extreme discount level).
**Daily Chart**
I will be looking for short-term buying opportunity if only the price coils around 1.2500 but if it moves aggressively and creates a signal for selling GBPUSD then I am going to sell this pair towards the minimum target of 1.21000 level.
Trade closed: target reached:
This was predicted two weeks ago and now it did exactly what I have predicted and broken the low. Next Target will be around 1.21000 level
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