GBP Update 9.9.2020

10 בספט׳ 2020

GBP has been weaker than the last 2 Star Wars films, but it was due for a correction. How got that correction this morning, but is it enough? I'm bearish on the GBP, but whenever I see this H&S pattern it usually sends the pair up (or down if the pattern is on the top, this one is inverted). We could see more corrections from the GBP pairs tonight. As I mentioned in my USD post, my favorite trade at the moment is the GBPUSD. Currently, the pair is below its intraday range and heading short.