Analysing Forex from The Market side & perspective.
This pair is still on its uprend for a long time and only have one trader positions level at the moment at 1.2698. No big moves from GBPUSD in this week but we can see in the chart that it had stopped out buyer and seller positions before continued the trend. This week we might see the same thing that The Market forms pullbacks. The Market needs to increase more trading volumes in the area. It may take sometimes for the next move and the only buyer positions might be stopped out soon.
This pair is still on its uprend for a long time and only have one trader positions level at the moment at 1.2698. No big moves from GBPUSD in this week but we can see in the chart that it had stopped out buyer and seller positions before continued the trend. This week we might see the same thing that The Market forms pullbacks. The Market needs to increase more trading volumes in the area. It may take sometimes for the next move and the only buyer positions might be stopped out soon.
