GBPUSD Market Outlook | Daily Forex Market Breakdown
GBPUSD
Still stuck in consolidation. So slight movement to the downside after 3 failed attempts to climb higher. GU looking very tricky right now, are we going to see a lower high and roll over to the downside or is support going to hold and we are going to make a higher low and start pushing back to the upside? I personally am favoring more downside movement, I believe we are going to push back up a bit fail to make a new high were I will be looking for a short entry and then I feel GU will just melt to the downside.
Still stuck in consolidation. So slight movement to the downside after 3 failed attempts to climb higher. GU looking very tricky right now, are we going to see a lower high and roll over to the downside or is support going to hold and we are going to make a higher low and start pushing back to the upside? I personally am favoring more downside movement, I believe we are going to push back up a bit fail to make a new high were I will be looking for a short entry and then I feel GU will just melt to the downside.
