{quote} currently there's NO fundamental reason to buy GBP apart But from a technical perspective, multiple GBPXXX TFs are overdue to turn up. So on the smaller TFs, this REQUIRES going into UP TRENDS. So either GBP is going to be bought, or various XXX currencies are going to be sold so that GBP is strong relative to XXX. And as always, it is a matter of perspective as to whether the up moves are viewed as retracements or new trends/trend continuations.
But since most traders stick to the major pairs, so for me it is still bearish.
If we are taking about GU, there are only two things pointing toward an uptrend,
#1 It is the last Friday Daily candle formation with high vol
#2 The pairs need to breath, since its been a while it is on a free fall.
So, its not enough (for me) to believe a new uptrend will start.
I will need to confirmation and breakout of strong resistance and a shift in policy. Then I can be flexible and say "now we will flying like a free eagle"
To da moon
Till then the bearish trend continues for me
More time in the market, does not mean you trade better!
