A-Summary: ( BEARISH MONTHLY Pin BAR Forming!!) GBP has been weak across most pairs last week! Would IT continue Down ?? Trend Monthly CHART (PIN BAR forming !) / WEEKLY Engulfing BEAR Bar so far. See WEEKLY CHART : See DAY CAHRT : IF we see last week – WEEKLY candle close below 150.496 (Previous Week Candle Low) will be good for continue DOWN Trend likely
B-This Coming WEEK Analysis: 1- Will likely see a Bounce Off Fibs 50% Zone at 150.765 & Weekly S/R @ 150.555 Closed Friday nite was 150.681 (Lets see Monday Actual Close !!) a) & Continue its short term TREND Down OR possible consolidate here (Zone ) for a while b) Breaking OFF of the Rising Channel !!
CHEERS Stay NIMBLE & TRADE SAFE !!
NB: Look out for next few candles H4/H1 Movement-b4 ENTRY Either SHORT or LONG !!
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