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GBPUSD Outlook 5/29
British Pound / U.S. Dollar
Short
GBPUSD Outlook 5/29
By akhena10fx
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Updated
May 31, 2023
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May 29, 2023
DXY bias is bullish so i am expecting weakness in GU.
NFP week so things can get shiesty on Friday. Still expecting NFP to be ultimately bearish.
HTF Bearish objective is sellside liquidity around 1.22202, which is a HTF Fair Value Gap.
All other relevant POIs are annotated on the chart.
May 30, 2023
Note
im short on GU
May 30, 2023
Note
reducing risk
May 30, 2023
Note
going break even
May 31, 2023
Note
had to give it room past break even. still holding
May 31, 2023
Note
still holding on GU
May 31, 2023
Note
adding to position here with the expectation that the 4H will close below its fair value gap
May 31, 2023
Note
took a loss and closed the first position manually, something else looks to be developing.
May 31, 2023
Note
lol gotta love it, was just a liquidity clearout, we keep headind down but he market successfully kicked me out
May 31, 2023
Note
last shot to get on the right side
May 31, 2023
Note
tapped in. if this doest drop it will be one whiplash of a day.
May 31, 2023
Note
enough punishment for one day lol, done with currencies likely till monday
Chart Patterns
Forex
fx
GBP
GBPUSD
Technical Indicators
signals
Trend Analysis
akhena10fx
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Let the algo show you its hand.
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