The situation in the GBPUSD is Negative to Neutral just for the fact that price is still below 1.4514 on monday 06/06/2016.
The area we are looking at on the pair is the structure 1.4514 and the low of 1.4332. Smaller timeframes have indicated that there might be a buying opportunity in the GBPUSD, in the upcoming sessions we have to keep our options open to react to whatever the market is doing.
A break above 1.4514 will open up the upside and buying activity should intensify. Below 1.4332, we expect GBPUSD to continue downside.
Looking at the technicals, Stochastic on the daily chart is crossing to the upside despite the fact that Parabolic is still above the price.
I will be updating this trade on my twitter as soon as there's a noteworthy development.
Have good trading week and trade with care.
The area we are looking at on the pair is the structure 1.4514 and the low of 1.4332. Smaller timeframes have indicated that there might be a buying opportunity in the GBPUSD, in the upcoming sessions we have to keep our options open to react to whatever the market is doing.
A break above 1.4514 will open up the upside and buying activity should intensify. Below 1.4332, we expect GBPUSD to continue downside.
Looking at the technicals, Stochastic on the daily chart is crossing to the upside despite the fact that Parabolic is still above the price.
I will be updating this trade on my twitter as soon as there's a noteworthy development.
Have good trading week and trade with care.
Comment:
GBPUSD above Daily Structure 1.4514
Comment:
GBPUSD Back above 1.4580. Log is still the call above 1.4514