GBP is known to recover fast whenever it gets hit by USD. I expect a short 1-2 day consolidation or retracement on DXY
which on the other hand indicates similar action will be reflected on GBPUSD
. 1.4076 will be very close to the lower trend line
of the downtrend structure within the mid-term uptrend. I'm in general bearish
on USD and bullish
on GBP so...
NOTE: I've been wrong in previous trade ( GBPUSD
) but luckily didn't make much loss. bad red week!
Good luck all and a nice weekend.