FX_Rhapsody

GBPUSD Breakdown Analysis

Short
FX:GBPUSD   British Pound / U.S. Dollar
I would like to see GBPUSD push up to g tap the 62% Fibonacci retracement are before selling off, but COT report indicates a lot of shorts being placed in the market against the Pound, so we might see the Pound moving further down and possibly breaking that area of support ending the month below that support area. drilling down to the lower time frames will give us the indication of what price will do this week. Trade what the market gives you on the lower time frames. my bias is long term short.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.