GBP/USD – Week 25 – Consolidation week.
Updated
Last week, we correctly forecasted GBPUSD to start a bearish move, with the FOMC news event acting as a bearish trigger.
For this week, we incline towards a counter-trend move that will act as a much-needed consolidation for the downtrend. Afterwards, we will expect the price to reach the $1.3650 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we incline towards a counter-trend move that will act as a much-needed consolidation for the downtrend. Afterwards, we will expect the price to reach the $1.3650 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
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