Forex_League

GBPUSD Analysis July 31, 2020

Short
FX:GBPUSD   British Pound / U.S. Dollar
On the monthly timeframe we just closed extremely bullish. We are approaching our next monthly key level and should expect price to test this level. On the weekly timeframe we are overall bearish and entering a retest of the highs. The daily timeframe is very over extended and formed a hammer candle to end off last week. We could see signs of reversal from this level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.