GBPUSD price action expectations
Hello friends,
GBPUSD has been consolidating in a narrow range between 1.23376 and 1.20372. After a prolonged consolidation, a sharp, one-directional move usually presents itself.
Since highs and bearish imbalances are being respected on both the weekly and daily timeframes, I expect a further downside move to take out buyers' stops at the 1.18 swing low. Furthermore, we have several fundamental catalysts for such a move:
FOMC on Wednesday.
BOE meeting on Thursday.
NFP on Friday.
GBPUSD has been consolidating in a narrow range between 1.23376 and 1.20372. After a prolonged consolidation, a sharp, one-directional move usually presents itself.
Since highs and bearish imbalances are being respected on both the weekly and daily timeframes, I expect a further downside move to take out buyers' stops at the 1.18 swing low. Furthermore, we have several fundamental catalysts for such a move:
FOMC on Wednesday.
BOE meeting on Thursday.
NFP on Friday.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.