The Downtrend line has been respected from June 27,2019, However looking at the market since May 20,2019 it can be seen that the currency pair is ranging between support and resistance level. Market is currently at the most recent support made on June 18th.
The market should follow the books and make it's way back to resistance level taking it's time of course to get back to this level heading to the support levels first.
NB the most recent candles are interesting as this seems to be the "Three Black Crows" so i'll just be watching this chart into next week.
The market should follow the books and make it's way back to resistance level taking it's time of course to get back to this level heading to the support levels first.
NB the most recent candles are interesting as this seems to be the "Three Black Crows" so i'll just be watching this chart into next week.
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NFP FRIDAY today !!!
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GBPUSD has just broken a major support level. As seen on the chart if price moves past this level GU will drop out of the sky!
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Support has been found at previous level. Waiting for market to give bullish signal to enter.