GBPUSD 14.7.2018

GBPUSD - COT: BEARISH SENTIMENT // Interest Rate: 0.50% (last change – November 2, 2017)
W1: Sideways movement around the past POC Level
D1: Trend down broken and TL was retested with the demand which caused the break. Now potential move up.
H4: New demand created at 1.31552 for potential longs
Levels to watch:
Supply: 1.32531, 1.33425, 1.33912
Demand: 1.31552, 1.31074, 1.30858,
Pound is as all other pairs in the levels where we could potentialy see the short term corection. Daily TL is broke and retested with nice volume offering short term move up wher the banks could add more shorts for the further move down. Long therm Im bearish and will be looking for short poortunity around 1.35 zone if the market will reach there. Banks reduced longs positions from 43k to 32K. Short still around 72K. Which is massive change and now we are 69 Shorts and senitimen is changing to the Very Bearsih.

Comment:

weekly demand touch