GBPUSD: Classic Gap Opening Trade
A significant gap up occurred on GBPUSD following the market opening, with the price hitting a notable intraday resistance level.
I anticipate that the gap will be filled soon, as there are indications of seller strength on the 30 minutes chart, including the formation of a double top pattern.
It is likely that we will see a bearish movement, potentially down to 1.2890.
I anticipate that the gap will be filled soon, as there are indications of seller strength on the 30 minutes chart, including the formation of a double top pattern.
It is likely that we will see a bearish movement, potentially down to 1.2890.
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