GBPUSD Weekly Analysis
GBPUSD Weekly Analysis
Since Aug 28 price has been in a discount delivering lower prices. I was happy to see that a FVG to the sell side from March was repriced.
Price did deliver sell side to a noted Weekly SIBI however I suspect that we will need to see buy side be delivered that area before it is balanced. I am watching that as an indication for higher prices.
On the lower timeframes evaluation a sense that we could continue to be bearish this week as price continues to see lower prices.
I was looking the DXY to compare if it goes up we will surely be shorting as the week unfolds.
Since Aug 28 price has been in a discount delivering lower prices. I was happy to see that a FVG to the sell side from March was repriced.
Price did deliver sell side to a noted Weekly SIBI however I suspect that we will need to see buy side be delivered that area before it is balanced. I am watching that as an indication for higher prices.
On the lower timeframes evaluation a sense that we could continue to be bearish this week as price continues to see lower prices.
I was looking the DXY to compare if it goes up we will surely be shorting as the week unfolds.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.