GBPUSD has shown significance drop that confirms the change of trend and therefore in the upcoming week starting from Monday, we should look forward to short this pair.
As mentioned earlier, the formation of current Low has further confirmed the bearish bias. A corrective move is expected not further than 1.39369 as it should get lower once it touches 1.39412 to drop further down than 1.37780 from what I see.
I am so adamant that 1.39208 should be the best Sell Limit order as this is the supply that is located at the important Drop Base Drop (DBD) area and the SL is just around 10 Pips above the zone.
Let's see how this will be played out.
As mentioned earlier, the formation of current Low has further confirmed the bearish bias. A corrective move is expected not further than 1.39369 as it should get lower once it touches 1.39412 to drop further down than 1.37780 from what I see.
I am so adamant that 1.39208 should be the best Sell Limit order as this is the supply that is located at the important Drop Base Drop (DBD) area and the SL is just around 10 Pips above the zone.
Let's see how this will be played out.