Demand is still having control, although DXY is showing SOS but GBP is still having strength. Yesterday GBP CPI news released bullish, this caused GU start to move sideway, it's within a balance status.
I expected price to continue this state (remain balance), until one day price starts to move up gradually but without strong sell holding the price which may consider as a buying climax (last phase before the trend turn into bearish), if supply take back after the BC, that is when I will start to look for short. But for now, atm price is still trading higher.
I expected price to continue this state (remain balance), until one day price starts to move up gradually but without strong sell holding the price which may consider as a buying climax (last phase before the trend turn into bearish), if supply take back after the BC, that is when I will start to look for short. But for now, atm price is still trading higher.