here are my thoughts on gbp/usd for the next few hours/days
right now we are seeing an inside bar developing on the 4hr charts. So i will stay with these charts for the moment.
Scenario 1:
Gbp/usd breaks out to the upside.
Scenario 2:
Gbp/usd break out to the downside
Either way we are gonna see some good action soon. Right now the market in indecisive. It is consolidating. Also there is strong support at this current level and once this support gives way we are going down to the 1.9000 levels again.
So let's wait and see how this unfolds
right now we are seeing an inside bar developing on the 4hr charts. So i will stay with these charts for the moment.
Scenario 1:
Gbp/usd breaks out to the upside.
Scenario 2:
Gbp/usd break out to the downside
Either way we are gonna see some good action soon. Right now the market in indecisive. It is consolidating. Also there is strong support at this current level and once this support gives way we are going down to the 1.9000 levels again.
So let's wait and see how this unfolds