GBP/USD – Week 34 – Wait for it to break the low.
Last week, the British Pound broke the support and aims for a new correction low, despite our forecast where we were expecting a resistance breakout.
In the coming week, we expect the price to make a small correction, break the correction low and then we will study the price action to see if we will continue the bearish momentum or if we get signs of a potential reversal that we give a higher probability chance to happen.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we expect the price to make a small correction, break the correction low and then we will study the price action to see if we will continue the bearish momentum or if we get signs of a potential reversal that we give a higher probability chance to happen.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
