The pair is in an Uptrend for a while and looks over-bought , price is retesting monthly resistance and broke multiple structure to the downside indicating that the bears have took control! will be monitoring this pair for a selling opportunity around 1.2900 level in correlation with CAD strength .
Hello Traders! The pairs has been in a downtrend for quite a while now and looks oversold to me. Price is now retesting a broken resistance level which can act as Support now. I will be monitoring this pair for a buying opportunity around 0.6700 level with a potential target around 0.7000
The pair is in a clear up trend and broke above the 4H resistance level upon retest of the broken structure i will look for a buying opportunity around 1.4530 level, For entry i prefer using fibonacci 50-61.8% as a Golden zone!
We can see the 50% fib level is holding strong and broke major 1H structure indicating that the bears are still in control.
GBP is weak on fundamentals in today session will be monitoring this pair for a short-term opportunity around 151.50 level in line with the trend. wait for a structure break to the downside on lower timeframes then enter!