On Saturday, I made a video that included the GBPUSD and the effect Friday’s sub 1.3340 close could have on the pair. I stated that Friday’s close means 1.3340 is still intact as resistance and could, therefore, attract sellers this week. Notice how Monday’s session carved a long upper wick. That was further evidence that 1.3340 was still holding as resistance for the pair. Today’s selloff is confirmation that sellers aren’t giving in just yet. If you watched Saturday’s forecast video, you know that 1.3340 is a long-term range top for the GBPUSD. So if the pair was going to selloff on the way up, that’s where I’d ... (full story)