Overall trend of the price is DOWN. Price has fallen down from descending triangle(orange) and has made fake breakout of the daily key level. Price was rejected at this level, we can also see bullish divergence (green) at this point. These two things strongly indicates that price should go up. Since overall trend is bearish it's risky to open long position. We can wait for the pull back to the local key level and look for short opportunities.
Please comment and let me know what you think about GBPUSD.
Please comment and let me know what you think about GBPUSD.