GBPUSD More of that simple stuff

1 Jan 2023

Im going to have a hard time believing that USDJPY USDCHF EURUSD AND GBPUSD all happen to be sitting at major resistance zones without some type of move. My view on the GBPUSD here is simple, fundamentally and technically i think we have a long term bottom in. But i think we can look for 2-400 pips to the downside this month. Now this is a monthly chart, there is lots of wiggle room up and down but I'm going to be surprised if this candle, coupled with resistance, and inverse correlation of other pairs in similar situations doesnt give us some downside pressure sometime this month.

6 Jan 2023

Catatan

my goal of 200 pips has been met and more, now risk free, have some profit and will see if it makes another move down