💡 GBPUSD: Waiting for new signal

Jan 15

Although down, last Friday's D1 GBPUSD bar has the form of a bullish pinbar pattern, showing buying pressure from below. Right in front is also a bullish pinbar. Although it is moving sideways and accumulating in the inside bar model, GBPUSD D1 is putting pressure on the upper border, easily leading to a break to the upside.

The accumulation structure with upward sloping price bottoms and sideways price peaks creates upward price pressure for GBPUSD H1, which is the reason for continuing to choose buying ideas for GBPUSD today.