GBPUSD Forex Weekly - 10 - 14 Aug 2020
Price is still inside channel and had made reversal twice on upper line key level resistance and last week breaking lower below median.
Currently we are looking at price to retest the support key level at lower line and if break below it might bring towards to retest fibo 1.618/2% support key level before moving back towards uptrend channel.
Trend is clearly looking for a fresh direction with high impact news on GBP this week might bring new direction else high probability trend is going to be at sideline at the moment.
Currently we are looking at price to retest the support key level at lower line and if break below it might bring towards to retest fibo 1.618/2% support key level before moving back towards uptrend channel.
Trend is clearly looking for a fresh direction with high impact news on GBP this week might bring new direction else high probability trend is going to be at sideline at the moment.