VasilyTrader

GBPUSD: Important Decision Ahead 🇬🇧🇺🇸

Short
OANDA:GBPUSD   British Pound / U.S. Dollar

GBPUSD is very close to an important decision point:
1.3785 - 1.38 is a support cluster based on a current local structure low.

Here are two scenarios for you to watch:
  • Bearish -
    To catch a bearish continuation,
    wait for a breakout of the yellow zone to the downside.
    It will trigger a bearish move to 1.37

  • Bullish -
    To catch a pullback from the underlined zone,
    let the price reach the yellow zone,
    wait for a bullish breakout of a falling wedge pattern,
    buy aggressively or on a retest.

    Goal will be - 1.393


Wait for the trigger and follow the market.

Are you bullish or bearish on GBPUSD?

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