GBPUSD: Important Decision Ahead 🇬🇧🇺🇸
GBPUSD is very close to an important decision point:
1.3785 - 1.38 is a support cluster based on a current local structure low.
Here are two scenarios for you to watch:
- Bearish -
To catch a bearish continuation,
wait for a breakout of the yellow zone to the downside.
It will trigger a bearish move to 1.37
- Bullish -
To catch a pullback from the underlined zone,
let the price reach the yellow zone,
wait for a bullish breakout of a falling wedge pattern,
buy aggressively or on a retest.
Goal will be - 1.393
Wait for the trigger and follow the market.
Are you bullish or bearish on GBPUSD?
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