As we can see, GBP keeps approaching the reversal point in which it will be loaded skyrocketing. although the market will start with a an injection in favor of GBP, but the overall trend will keep going if we look at it in larger time frames. However, the turning point may not reach the extreme lower point. For trade entries, it will be better for buyers to eye reversal signals before jumping on the boat which may going a bit deeper before floating.
Please note that this is only my point of view and result of my analysis.
It will be nice to throw your ideas in the comment to see how far you go with or against the point.
Please note that this is only my point of view and result of my analysis.
It will be nice to throw your ideas in the comment to see how far you go with or against the point.