GBP/USD on the weekly from my point of view has broken through a resistance zone, and now looks like it is ready to re-test that zone as an area of possible support.
We could ride this down using intra-day trades to this zone, or wait for a bullish entry to the upside when we see it hit this zone.
I would look for candlestick patterns such as a double bottom and bullish engulfing candles at this zone in the coming weeks.
We could ride this down using intra-day trades to this zone, or wait for a bullish entry to the upside when we see it hit this zone.
I would look for candlestick patterns such as a double bottom and bullish engulfing candles at this zone in the coming weeks.