Weekly Analysis GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
60 1 0
7 months ago
The situation in the GBPUSD             is Negative to Neutral just for the fact that price is still below 1.4514 on monday 06/06/2016.
The area we are looking at on the pair is the structure 1.4514 and the low of 1.4332. Smaller timeframes have indicated that there might be a buying opportunity in the GBPUSD             , in the upcoming sessions we have to keep our options open to react to whatever the market is doing.
A break above 1.4514 will open up the upside and buying activity should intensify. Below 1.4332, we expect GBPUSD             to continue downside.
Looking at the technicals, Stochastic on the daily chart is crossing to the upside despite the fact that Parabolic is still above the price.
I will be updating this trade on my twitter as soon as there's a noteworthy development.
Have good trading week and trade with care.
7 months ago
Comment: GBPUSD above Daily Structure 1.4514
7 months ago
Comment: GBPUSD Back above 1.4580. Log is still the call above 1.4514
7 months ago
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