GBPUSD SHORT (LONG TERM BUY)
As you can see in my daily analysis, price has closed beyond my 2 baselines and
I will be expecting price to shift bearish this upcoming week.
We can also possibly see a head and shoulder formation where it meet its monthly resistance.
I will sell the retest of the previous structure before it continues back down.
RVI values also seem to be lower on the daily charts suggesting a shift in bearish momentum around the zero line.
OVERALL this pair seems to be bullish according to weekly and monthly charts posted below
RVI values are also bullish on the weekly and monthly
I will be expecting price to shift bearish this upcoming week.
We can also possibly see a head and shoulder formation where it meet its monthly resistance.
I will sell the retest of the previous structure before it continues back down.
RVI values also seem to be lower on the daily charts suggesting a shift in bearish momentum around the zero line.
OVERALL this pair seems to be bullish according to weekly and monthly charts posted below
RVI values are also bullish on the weekly and monthly
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