If you haven't seen my last DxY analysis, please check it out below, i'm pretty confidence on my analysis that USD are ready to make it Big Move today or tomorrow.
So, here my bias on GBP/USD are still Bearish, the price are not making enough movement to confirm bearish continuation yet, because our Strong Supply Zone are not filled yet.
The Bears are still waiting right now, and i hope today GBP Gross Domestic Product Release will give us some confirmation.
Our most likely scenario are the price to touch our Minor Resistance @1.39300 and get rejected, this will be our early entry.
and if our Zone are broken we can hope for our Strong Supply Zone to hold, giving us more accurate Entry forming Double Top as a confirmation.
If the price are going down making a new lower low @1.37850 then it will be our Breakout Entry scenario.
Trade Cautiously,
Stay Safe, Stay Green Brother,
So, here my bias on GBP/USD are still Bearish, the price are not making enough movement to confirm bearish continuation yet, because our Strong Supply Zone are not filled yet.
The Bears are still waiting right now, and i hope today GBP Gross Domestic Product Release will give us some confirmation.
Our most likely scenario are the price to touch our Minor Resistance @1.39300 and get rejected, this will be our early entry.
and if our Zone are broken we can hope for our Strong Supply Zone to hold, giving us more accurate Entry forming Double Top as a confirmation.
If the price are going down making a new lower low @1.37850 then it will be our Breakout Entry scenario.
Trade Cautiously,
Stay Safe, Stay Green Brother,
my less likely scenario happened, and now greatly reduce our RR to 1,4 (stop loss above Minor Resistance).
Dovish BoE statement will be my strong opinion that this trade will touch it's TP soon.
be aware of tomorrow NFP report. keep attention to this trade.