GBPUSD is at the retest of the previous highs that were broken in the last period. As mentioned in the earlier GBPUSD analysis (here below) weekly and daily charts are telling us the trend is overall bullish, and therefore i want to take that into consideration when looking at lower timeframes. Be ready to long this market if we have some kind of weakness in the 4H and 1H chart. I'll keep you updated!
If you have ideas/questions, feel free to comment below. Otherwise, see you in the next chart!
P.S. If you want to take a look at my videoanalysis click the link below!
You mention some kind of weakness in the 4 hour and one hour charts. Hasn’t the 4 hour chart already shown weakness? What is your meaning of some kind of weakness? Thanks.
Roker1
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@dabird444, i mean weakness in the lower timeframe's trend (that is bearish)