Fundamentally, the GBP have a pretty good numbers for them to have a buy opportunity. However, keep in mind that it is infact still inside the range.
It took at least one day until it finally goes bearish. We could see the rising buying power in the USD as early as European session, and continued by the US session. Sign of the bearing move was supported by the idea that it is in fact in a downtrend move making lower highs and lows, and not to mention the weekly chart's price action signs. We could expect next...
Let's see if the chart follows the trend, and not to mention the rising strength from the USD.
We might see a breakthrough to the 1.40800~ area. This pair has been moving on a range close to 3 weeks now, and therefore we might see a possible new trend.
There's a possibility to see a slight buying opportunity into the range resistance.
If it respect the line, we might see selling from EU pairs.
Let's see if this works. Be careful on the UK vaccines news.
A lot of pressure this week as GU is still in a range but we might see a sell opportunity from here. However, watch out for the FOMC.
Let's see where GU bring us today. Be careful.
USD is picking up strength after Powell's speech last night, and therefor we might see GU going down into the trend line.
GBP has been in the spotlight these couples of days and see slowing down in the bull movement. There's a possibility for GU to go for a correction for today
Let's see if the Support line holds and bring the USD bull up on the pair for a short period of time.
Let's see how it will go from here. Brexit situation is still on the sleeves, so be careful.
Quick Short to previous support before trying to go bull again. It all depends on the brexit development. So please trade carefully.
The bull is still intact. No reason to go bear yet. It will be affected heavily by fundamentals especially the NFP. Be careful guys.