GBPUSD has consolidated throughout the entire week and the price is now coming off from the to the range.
The price is also seen breaking out from a upwards corrective channel and fell through during the Asian session.
It's very likely that the price will continue the trend into the euro session, potentially bringing the price back to the range bottom at 1.3570.
What happen next will be very unpredictable as NFP will be releasing tonight.
If it's good for the dollar, we are going to see further selling, breaking out of the consolidation and eventually reaching 1.3500 demand level.
The price is also seen breaking out from a upwards corrective channel and fell through during the Asian session.
It's very likely that the price will continue the trend into the euro session, potentially bringing the price back to the range bottom at 1.3570.
What happen next will be very unpredictable as NFP will be releasing tonight.
If it's good for the dollar, we are going to see further selling, breaking out of the consolidation and eventually reaching 1.3500 demand level.
