GBPUSD | COULD IT BE A BUY OR MAJOR SELL!?
📌 Potential BUY setup for: GBPUSD
👨💻 Technical: Little update, GBPUSD had pullback slightly and found bullish pressure earlier, currently forming a not finished M pattern if it breaks neckline it can start to show bearish pressure, so caution.
🎯 For an ideal entry: Depending how it reacts you could wait for a pullback of the bullish channel and between the 2 moving averages enter long to re-test previous top level, however, caution is advised due to the high volatility news coming up later today.
👨💻 Technical: Little update, GBPUSD had pullback slightly and found bullish pressure earlier, currently forming a not finished M pattern if it breaks neckline it can start to show bearish pressure, so caution.
🎯 For an ideal entry: Depending how it reacts you could wait for a pullback of the bullish channel and between the 2 moving averages enter long to re-test previous top level, however, caution is advised due to the high volatility news coming up later today.