GBPUSD-Weekly Market Analysis-Oct21,Wk5

On the daily chart, GBPUSD has a Bearish Channel, that's great news for trend traders and trend following traders.

For Counter-Trend traders, the 1-hourly chart has a pretty good setup for a buying opportunity.

If you have seen my video analysis, you would have known that I prefer to apply my sideway bounce trading strategy on GBPUSD over EURUSD and 1 of the many reasons is that it has a less trending nature than EURUSD.

Buying Opportunity at 1.3742 and Selling Opportunity at 1.3832.