GBPUSD-Weekly Market Analysis-Jul21,Wk4

GBPUSD has a sideway bounce formation on the 1-hourly chart but I would say the EURJPY sideway bounce setup is a better setup, check out my trade-ideas profile for the setup.

On GBPUSD a minimum setup will be a Double Bottom with RSI Divergence for me to engage a buying opportunity.

Conservative traders will place stop-loss below the low of the circled shadow.