What's Next for GBPUSD

24 apr. 2019We see that at the end of last week 1.3 was broken. At the beginning of this week it has already moved around 100 pips. NASDAQ and the 500 closed at its highest yesterday for 2019. My bias is the dollar weakening slightly to due people being scared of the high closing. Overall I still have a bearish bias based on the broken price level and the strength of the bearish move. We will see how it reacts to this price level. If it breaks through my projected zone then I think we will see a move to 1.24600ish.

This is an analysis not a signal. Trade at your own risk with proper risk management.

Happy Trading!