Today on GBPUSD> to the Upside?
Updated
The market is in an oversold zone
Although in a downtrend at psycological levels for a potential up move which could be a retracement for liquidity the continuation to the downside
It is a fading downtrend
The will be an up move soon in order to clear the market from oversold
Fundamental data; United States New Home Sales will be released soon
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Monitor it to ride the incoming waves to profits🤑
Although in a downtrend at psycological levels for a potential up move which could be a retracement for liquidity the continuation to the downside
It is a fading downtrend
The will be an up move soon in order to clear the market from oversold
Fundamental data; United States New Home Sales will be released soon
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Monitor it to ride the incoming waves to profits🤑
Note
Played out superbly to the upside
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