GBPUSD Technical Analysis and Trade Idea

In this video, we undertake a comprehensive analysis of the GBP/USD currency pair, along with a discussion on a potential trading opportunity. Recent market dynamics have exerted substantial downward pressure on the GBP/USD, resulting in a notable decline leading up to the London open. Nevertheless, an intriguing prospect may be emerging as the price appears poised for a reversion to equilibrium before the New York Open.

Trade closed manually: