Be ready for either direction on the lower timeframe.
Technicals to assess. We have a nice technical sell of yesterday but with the AUD USD rebounding in a negative light, the GBP has entered the supply again with a boost from the risk-off aversion. From the chart below, watch out for the fresh daily zone which has not been truly tested yet.
Our new long zone is from the grey imbalance - where by price will now look at fibonacci retrace zones - where we will look to buy again.
See the full breakdown here:
See our previous buy zone [this is a position hold]
Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Regardless we will continue producing analysis.