We could potentially be in a big selling bubble on GBPUSD that is getting ready to burst. The pressure is building on this pair, we can see that the majority of retail is now trying to sell with sentiment at 61%. I can only assume that a small bullish move may come before the huge sell-off. Whether or not it will take out that high, I don't know but it will be interesting to watch.
What's your view on this? Comment below
What's your view on this? Comment below
