mgondo

Fancy Rolling the Dice?

FX:GBPUSD   British Pound / U.S. Dollar
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The level of volatility in this pair is either going to be an exciting prospect for you or just "NO!"

Overall my bias for this pair leans a lot more to the downside however, I believe we may be due a mini correction on the from the daily timeframe to the smaller trading timeframes.

This is a bit of a long shot but given that PA has shown bullish signs since Dec 12, 2018 excluding today's wick of manipulation; who knows.

Market is poised for a indecision daily close leaving overall assumptions at neutral. Remember EMAs remain crossed to the downside and if we do not get any strength in this pair to close above 1.127; chances are we are going a lot lower.

If anything do anticipate solid resistance at 1.127 which could create nice short opportunities for the coming week