I was looking for a move lower for GBPUSD (similar to EURUSD) but it was much a sideways move for GBPUSD on Friday. GBPUSD came down to re-test the lows before going up 30 pips to test the strong level which I gave but coming down to make a new lows. Overall, much weak.
I gave a more bullish move for EURUSD and thus IMO it will be contradicting to give a contradicting to be bearish here. EURUSD is IMO the strong pair thus it would be more ideal for longs.
IMO GBPUSD is looking to bottom but I will just wait to see how this pair plays out today. IMO one could look for rejection either off 1.2757 or 1.2773 both strong levels for a possible short, but that is only if price action confirms that. If not, one could trade using the levels.
I gave a more bullish move for EURUSD and thus IMO it will be contradicting to give a contradicting to be bearish here. EURUSD is IMO the strong pair thus it would be more ideal for longs.
IMO GBPUSD is looking to bottom but I will just wait to see how this pair plays out today. IMO one could look for rejection either off 1.2757 or 1.2773 both strong levels for a possible short, but that is only if price action confirms that. If not, one could trade using the levels.
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