Weekly closed bearish
, daily closed as indecision and the 4 hr
engulfed the previous candle. I'm expecting a continuation of bearish
momentum for GBPUSD
next week with the potential to fill the Weekly ranges. To confirm that the sellers are in control, I would wait for a break below 1.29099 on the 4 hr
and wait for a retest to continue down. We seem to be in a relatively smooth downtrend. The yellow zones are potential take profit areas.