GBP/USD has been making Lower Lows and Breaking structures for the past couple of weeks. Technically I personally have been bearish on this market and anticipating continuing movements to final projections of 130.525 (Take Profit) demand zone. Fundamentally I will be paying attention to Andrew Bailey from The Bank Of England speaking on Monday and on Friday fundamentals for the United States we have Non-Farm rate and Unemployment rate. I'm bearish unless the market specifies otherwise.
Trade active:
Called this move on Sunday during chart work. We pulled up to the 1.31447 levels 4 hr supply right down to 1.30722 level we are about 20 pips away from my final TP zone so I've taken partials and moved my SL to breakeven on the remaining position. Price action and market structure tells the story just follow it.
Trade closed: target reached:
final projections of 130.525 hit