GBPUSD - EXPECTING A SHORT TERM BEARISHNESS

Good day Traders, My analysis on cable remains strongly bullish. However, looking closing at the chart, you would observe that the pair has reacted to a previous weekly high as well as a level of resistance which is the portion shaded red.

I am expecting a short term bearishness in the form of a pullback and will be studying price action around key levels marked up.

It is important to remain patient until the market gives a clear indication, and starts breaking structure on the lower TF.

Target 1: 1.28134
Target 2: 1.26696

Happy Trading and Stay Safe Folks.