Price has bounced off major support and is now working its way to test major resistance. The latest monthly candle indicates price is in a corrective mode. Once the correction is complete price should continue to move upward.
The next thing I do in my analysis is to move to the daily or 4 hour time frame to look for trade setups.
Note: GBPUSD is one of the 10 most volatile currency pairs. I am very interested in analyzing these 10 pairs for entry opportunities as they can provide the best money making opportunities.
The next thing I do in my analysis is to move to the daily or 4 hour time frame to look for trade setups.
Note: GBPUSD is one of the 10 most volatile currency pairs. I am very interested in analyzing these 10 pairs for entry opportunities as they can provide the best money making opportunities.