- If you look at Daily, candlesticks have exhaustion area signaling the Market is not ready to reverse down quite yet - Its likely to Consolidate before breaking to continue to upside or break downward - One thing about GBPAUD and GBPNZD, when in consolidation, it likes to fake a break-out so be watchful - Its not advised to trade in consolidation unless you know what your overall analysis is, thus you can take short profits - Will be updating once the market opens
Disclaimer: ***This is not a signal, just an Analysis to share my view on the market.If this if helpful to you, please comment***