GBPUSD Weekly Technical Outlook
GBPUSD market operation on the weekly time frame is sideways. Generally, market operation is in a bullish retracement of a long-term bearish swing. The technical structure is bearish.
GBPUSD price action on the daily time frame is sideways. Price action is making a retest of the 61.8 Fib retracement of a long-term bearish swing. The dominant technical structure is bearish.
GBPUSD price action on the H4 time frame is making a retest of the 61.8 Fib retracement of a long-term bearish swing. Recent technical patterns favour southward market engineering to an area of value, such as an intra-day market imbalance, but we cannot discount a brief northward move first.
I may be wrong. Trade safe and prosper.
KP
GBPUSD market operation on the weekly time frame is sideways. Generally, market operation is in a bullish retracement of a long-term bearish swing. The technical structure is bearish.
GBPUSD price action on the daily time frame is sideways. Price action is making a retest of the 61.8 Fib retracement of a long-term bearish swing. The dominant technical structure is bearish.
GBPUSD price action on the H4 time frame is making a retest of the 61.8 Fib retracement of a long-term bearish swing. Recent technical patterns favour southward market engineering to an area of value, such as an intra-day market imbalance, but we cannot discount a brief northward move first.
I may be wrong. Trade safe and prosper.
KP
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