Based on the volume analysis and the last COT report, we can conclude that there is a high probability of sale.
Last Commitment of Traders report:
GBPUSD: -4.214 Long and +2.549 Short
Last Commitment of Traders report:
GBPUSD: -4.214 Long and +2.549 Short
Comment:
In the five-minute chart, we can see that the longs are closing, further increases will probably not be.
Comment:
(VERY IMPORTANT)
The forecast expires if the next swing down in the 15/30/45 chart is based on a lower volume than the previous growth one from the chart with the same time interval of 15/30/45 minutes. In this case, the price will most likely reach the level of 1.32, only then there will be a decrease.
The forecast expires if the next swing down in the 15/30/45 chart is based on a lower volume than the previous growth one from the chart with the same time interval of 15/30/45 minutes. In this case, the price will most likely reach the level of 1.32, only then there will be a decrease.