FX:GBPUSD   British Pound / U.S. Dollar
Price approaching another major level. Depending on next week's GBP news and what price does at this zone, we could see action to the upside or a break and retest of this structure to the downside. Even if we see upside action at first, I wouldn't be surprised if price still eventually broke through this level to the downside. For that reason I'm focused on downside action and will be waiting for a break of this zone and retest to the bottom side. Also price is in a downtrend on the daily so if you do take a buy in the next week, make it a short TP in case the scenario plays out like what I mentioned above.
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.