Slow day trading today due to a couple bank holidays and this has been shown in the gbpusd pair with very small movement over the day.
Im still expecting the pair to short this week with possible support at the 1.208 failing to find support at this area we could see a very bearish market heading lower to the 1.190 price.
Previous Analysis:
Possibly change over from support to resistance around the 1.225 around could see it head to the 1.186 area towards next week.
We can see a rejection of price from the bearish wixs around the 1.223 @14:00 on the 21st and the 20 EMA indicator looks to be confirming a down trend.
Im still expecting the pair to short this week with possible support at the 1.208 failing to find support at this area we could see a very bearish market heading lower to the 1.190 price.
Previous Analysis:
Possibly change over from support to resistance around the 1.225 around could see it head to the 1.186 area towards next week.
We can see a rejection of price from the bearish wixs around the 1.223 @14:00 on the 21st and the 20 EMA indicator looks to be confirming a down trend.