IG Client Sentiment is still very bullish. It went down to low 70% on the midweek,
came back to 75% bullish level at the end of the last week.
GBP/USD is getting close to the major supply area.
Plan A: It will most likely test 1.275XX area and retrace to 1.271XX area.
Plan B: The bar will sit above 200 EMA on 240min chart at the next trading session.
Recent FED's rate decision had a huge effect on dollar pairs. The gold price went up and greenback's value has decreased.
We will see run to 1.288XX area if weak dollar sentiment continues next week.
came back to 75% bullish level at the end of the last week.
GBP/USD is getting close to the major supply area.
Plan A: It will most likely test 1.275XX area and retrace to 1.271XX area.
Plan B: The bar will sit above 200 EMA on 240min chart at the next trading session.
Recent FED's rate decision had a huge effect on dollar pairs. The gold price went up and greenback's value has decreased.
We will see run to 1.288XX area if weak dollar sentiment continues next week.