GBPUSD Weekly Outlook
GBPUSD is still technically in a downtrend but could be building strength as price is coming off a minor weekly support level.
On Friday we saw quite a big bullish tailed candle printed which could signal a possible emerging uptrend.
If we see evidence of further bullish signals on pullbacks (ideally to 1.3294), we will look to go long.
Otherwise if price continues to move down, we will be looking to go long on buy signals at weekly support,
or if price moves up to the 1.3466 swing level we will look for sell signals to go short.
On Friday we saw quite a big bullish tailed candle printed which could signal a possible emerging uptrend.
If we see evidence of further bullish signals on pullbacks (ideally to 1.3294), we will look to go long.
Otherwise if price continues to move down, we will be looking to go long on buy signals at weekly support,
or if price moves up to the 1.3466 swing level we will look for sell signals to go short.
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