We could see price is forming a very nice channel .It is now trying to reach the top of the channel 3880 - 3900 level. After which it is anticipated to turn south towards the the bottom of the channel at 3730 - 3750. Your thoughts and feedback is highly appreciated. Good luck.
GBPUSD established a nice channel. Price now is in the middle of this channel. We have two scenarios. First scenario is a bullish one which will take the price to touch the roof of the channel at 3580- 3600 level which will result in more bearish pressure to force the price down to 3330 – 3300 level. The second scenario is bearish which will force the price to...
GBPUSD, in my opinion, is Going south (short) today to test the trend line a very good short position was from 3375- 3380 first target is around 3325- 3310 where price is going to touch an test the trend line. SL could be placed on the 3395 - 3400 . Your comments and feedback are highly appreciated. Good luck all.
Price has reached the looking for range of 3365-3385 establishing a new high and touching the top ling of the channel. any short position today should be carefully studied with stop above the closing high of the hour just ended.