We have GBP index currently rejecting a monthly key level and at 61.8 correction level. Based on the data we anticipate the price would break the trendline and spike to next level
Using this to support our bias on GBPUSD Long setup
Analysis
Please see above our full breakdown off the GBP index.
We are anticipating some GBP weakness and will be looking for shorting opportunities throughout the GBP pairs.
Set up remains valid as long as previous support now turns resistance and we will be awaiting further confirmation on the break of the 4hr ascending trend line.
As always, I’d love...
Looks great for Selling. Let me remind you that we have been selling GBP from TOP Structure level. Currently we are seeing bearish correction, Which is showing great selling potential. How GBP Index will Help us ?
If GBP = BEARISH
- XXXGBP = LONG
- GBPXXX = SHORT
Resistance to the GBP index declined here, so we expect a possible fall next week.
Our prediction first target - 0.958 level & second target - 0.043 level.
If gbp index Fall meaning - All Gbp pair weak.
