The market might go up to make a new monthly high
Analysing Forex from The Market side & perspective.
Hello traders, we analyze GBPUSD again. Before we start, lets go back to what happened after our last analysis. The Market cleared out our BUY positions at 1.2510 and pullback for 75 pips, but somehow went back up again for 75 pips. Today we see the price is in a sideway zone (yellow zone) but it will get out in no time. We expect the market to go all way up and make a new monthly high.
We have a positions from our last analysis, SELL at 1.2411. We also have two new positions those are BUY at 1.2562 to catch an uptrend and SELL at 1.2477 right below the sideway zone.
Hello traders, we analyze GBPUSD again. Before we start, lets go back to what happened after our last analysis. The Market cleared out our BUY positions at 1.2510 and pullback for 75 pips, but somehow went back up again for 75 pips. Today we see the price is in a sideway zone (yellow zone) but it will get out in no time. We expect the market to go all way up and make a new monthly high.
We have a positions from our last analysis, SELL at 1.2411. We also have two new positions those are BUY at 1.2562 to catch an uptrend and SELL at 1.2477 right below the sideway zone.
