We had a nice short opportunity present off a FRESH supply created a few weeks ago on the GBPUSD. As we all know, GBPUSD has been a complete mess over the weeks.. We do have a demand near lows but we have touched this point in the market too many times and the bulls keep getting weaker.
I believe we ARE going to see the bears come to town and eat up this demand and we will see a drop on the GBPUSD down to 1.28500 to 1.28000 as a potential downside target. Let's see how this plays out over the next couple weeks.
I believe we ARE going to see the bears come to town and eat up this demand and we will see a drop on the GBPUSD down to 1.28500 to 1.28000 as a potential downside target. Let's see how this plays out over the next couple weeks.