Hello and welcome to my Trade Idea of the currency pair GBP/USD.
Let's start with the Top Down Analysis.
Monthly: We see on the monthly timeframe overall a bearish trend but the last months are bullish.
Weekly: Weekly is bullish too.
Daily: Here we see a trendline and because of the gap the market is under the trendline but the market can turn for two reasons.
First the market is at a strong level, second the h4 support can hold.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: We see on the monthly timeframe overall a bearish trend but the last months are bullish.
Weekly: Weekly is bullish too.
Daily: Here we see a trendline and because of the gap the market is under the trendline but the market can turn for two reasons.
First the market is at a strong level, second the h4 support can hold.
Have a nice day.