This pair has been sold off due to a strong USDOLLAR, however has recently consolidated and is due a correction on the 1HR, 4HR and daily timeframes.
The 3 trend lines have been drawn as the last week and this week have progressed. Here you can see the trendlines have not been broken which implies that GBPUSD is waiting for a catalyst which is most likely to come from the NFP later today.
I will be placing two pending orders either side of the recent lower highs and lower lows to ride this instrument
The 3 trend lines have been drawn as the last week and this week have progressed. Here you can see the trendlines have not been broken which implies that GBPUSD is waiting for a catalyst which is most likely to come from the NFP later today.
I will be placing two pending orders either side of the recent lower highs and lower lows to ride this instrument