GBPUSD-Weekly Market Analysis-Dec20,Wk2

FX:GBPUSD   British Pound / U.S. Dollar
Shark Patterns in the Harmonic Pattern setup is the most tricky setup. Last week, you have witnessed 1 of the potential setup of the bearish shark pattern(link at bottom) and we have all seen how the shark pattern was in place and created a strong resistance of the ascending triangle . This week the PRZ zone has moved up to the area and if this level is broken, there will be another level. Yeah, believe it.

If the market falls from here, the support level would prevent it to create a free flow, we would expect more of a bounce then a free fall.
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