GBPUSD ANALYSIS AND TRADE RECOMMENDATION
T1 finally succumbed to the pressure on Friday allowing Cable bears to reach T2, giving us a nice little profit on the move. This one has been extremely choppy making it clear that this whole move from the 14200 area and up is not impulsive, just a zig-zag messy retracement so far which suggests we could see an impulsive move to the downside again sometime soon. However, we need a sustained move below T4 before we can say bears are safely on their way. In the meantime we deal with the mess.
What’s the verdict?
Read full analysis and trade recommendation here.
Blessings
Techno4xTeam
www.techno4x.wordpress.com