As we all been watching these Pairs of Late Most of them been in a ranging and consolidation zone for while until of recent pairs of USD ,CHF and Yen have been on a tremendous drop... My reason behind it is the Ukraine and Russian conflict going on have affected these pairs and Fundamentals been going crazy.
Which brings me to GBPUSD according to the Hourly and 4hr it's been droping with clean moves to the downside and my area of interest is the 1.31800 zone because of the Liquidity that rests down there.
So it's possible to look for shorts. And wait for these pairs to recover from this huge bearish momentum.
Which brings me to GBPUSD according to the Hourly and 4hr it's been droping with clean moves to the downside and my area of interest is the 1.31800 zone because of the Liquidity that rests down there.
So it's possible to look for shorts. And wait for these pairs to recover from this huge bearish momentum.