GBPUSD STRUCTURE ANALYSIS|CONFLICTING SIGNALS

4 Agu 2020

GBPUSD is trading below the strong daily resistance, having broken the diagonal support, yet forming a bullish flag pattern.

The pair is sending conflicting signals, therefore we wait, in anticipation of a clear signal/breakout.

The next impulse will either send the pair to the lower bound, where it might find a demand zone, or it will be pushed higher to test the resistance and form a double top.

Lets see which way the market goes and jump on the bandwagon of the decision move if the market gives a good entry point.

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