GBPUSD has continued with it's bullish up-trend with the current risk-on market sentiment.
I've identified A potential level for an overdue retracement at the 140.0 level - this is a strong psychological level, and it also aligns nicely with the current bullish trend line.
I've identified other factors including correlation which supports this short term retracement idea.
Shorting GBPUSD is a high risk endeavour at the moment and this is the only area with the highest amount of confluence for a "safer" short attempt at the moment.
I've identified A potential level for an overdue retracement at the 140.0 level - this is a strong psychological level, and it also aligns nicely with the current bullish trend line.
I've identified other factors including correlation which supports this short term retracement idea.
Shorting GBPUSD is a high risk endeavour at the moment and this is the only area with the highest amount of confluence for a "safer" short attempt at the moment.