Hello traders.
My view on GBPUSD. Price lies at a weekly supply zone.
The supply zone has already given short action in the recent past but the last days is forming consolidaiton.
The Daily and general 4H chart is bullish.
You may seek for 1H or 4H Fib retracement levels of 0.5 (pound Point of Interest generally speaking 0.5 is tested many times for pound pairs).
Some may buy the breakout.
Overall target is the very next weekly supply zone which might trigger sell entries.
The 13th of December will give the real direction - high GBP news. The news will either push to the abovementioned direction or it will reverse.
Good luck!
My view on GBPUSD. Price lies at a weekly supply zone.
The supply zone has already given short action in the recent past but the last days is forming consolidaiton.
The Daily and general 4H chart is bullish.
You may seek for 1H or 4H Fib retracement levels of 0.5 (pound Point of Interest generally speaking 0.5 is tested many times for pound pairs).
Some may buy the breakout.
Overall target is the very next weekly supply zone which might trigger sell entries.
The 13th of December will give the real direction - high GBP news. The news will either push to the abovementioned direction or it will reverse.
Good luck!
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Trade active and +140 pips open.