GBPUSD still managed to recover since last week.
Been consolidated in 1.23-1.25 since last week.
Seems like on the verge of ascending channel as well as trapped in falling wedge on both 1H & 4H TF.
Couldn't break 1.25 zone and at rejection level on both higher TF 1D & 1W too.
Still trapped in bearish flag too.
Boris Johnson has been discharged from Hospital and that's positive sign for GBP.
If Fundamentals are gonna play and dollar gets weaker then we might be seeing breaking 1.25 zone.
But dollar still remains dominant and Technical are in favour then there's still chance for bearish till 1.22.
Let's see where Market opens..
Lemme know about your ideas too :)
Been consolidated in 1.23-1.25 since last week.
Seems like on the verge of ascending channel as well as trapped in falling wedge on both 1H & 4H TF.
Couldn't break 1.25 zone and at rejection level on both higher TF 1D & 1W too.
Still trapped in bearish flag too.
Boris Johnson has been discharged from Hospital and that's positive sign for GBP.
If Fundamentals are gonna play and dollar gets weaker then we might be seeing breaking 1.25 zone.
But dollar still remains dominant and Technical are in favour then there's still chance for bearish till 1.22.
Let's see where Market opens..
Lemme know about your ideas too :)