Below you can find my my analysis on possible GBP weakness.
So far GBPUSD short has been performing well due to general USD buying, but maybe the time for an EURGBP long is very close too.
4H:
- Ichimoku setup turned turned to neutral from bearish, and it looks like Kijun Sen provided a resistance. Price is shaded by future Kumo, trades ard very short term equilibrium.
- Heikin Ashi gives a buy signal after price retested but could not break Kijun Sen supp/res.
- upper supp/res is ard 0,7125-0,7130.
More agressive traders can try to buy it now with 0,5 trade unit and with wider stop loss, conservative traders should wait a bit more until it really breaks above 0,7125.
So far GBPUSD short has been performing well due to general USD buying, but maybe the time for an EURGBP long is very close too.
4H:
- Ichimoku setup turned turned to neutral from bearish, and it looks like Kijun Sen provided a resistance. Price is shaded by future Kumo, trades ard very short term equilibrium.
- Heikin Ashi gives a buy signal after price retested but could not break Kijun Sen supp/res.
- upper supp/res is ard 0,7125-0,7130.
More agressive traders can try to buy it now with 0,5 trade unit and with wider stop loss, conservative traders should wait a bit more until it really breaks above 0,7125.
