GBPUSD Weekly Analysis- 26-Nov-2023

As the weekly iFVG becomes the support now, so the price will likely wants to take out the Daily FVG upside, So on Monday the price could be down side a for the W-iFVG upper band. then it will move towards to take the daily FVG upside.


Weekly Bias: Bulish
Monday: Bearish/ Consolidate.
Tuesday: Consolidate
Wednesday: Bulish
Thurseday: Bulish

Trade active:

No as the price has been tested the D1 FVG, Now if the price closed above D1-FVG & weekly OB-0.75 level, then we can expect the next move will be upside towards the D-BSL- 1.27462.

Trade active:

If the PA takes the h4 Swing low-1.25913 level, then we get any m5 Bulish Breaker, then on any kill zones, we can open long on the Breaker.

Comment:

As the DXY PA today is bulish, Euro Is bearish, & the GBP has taken out the Daily Bearish FVG yesterday, So we can speculate that today's move will be bearish towards the Daily unmitigated Bulish FVG left.

Daily Bias: Bearish