GBPUSD Technical Analaysis and Trade Idea

The GBPUSD has exhibited a notable shift in behavior compared to the downtrend last week. We observed some upward momentum from Friday into Today. The critical question at hand is whether this signals the onset of a bullish or bearish week ahead.

Most recently, the cable has leaned towards a bearish bias; however, there may be room for an early-week retracement, potentially resulting in a green weekly candle. Conversely, there is a plausible argument for a bearish week ahead.

In our video analysis, we will meticulously evaluate the pros and cons, carefully weighing all factors to formulate a potential trade entry strategy, possibly during the New York Open today or even the London open tomorrow. It's important to emphasize that the content of this video is provided for informational purposes only and should not be interpreted as financial advice.