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GBPUSD Outlook 7/23

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Similar outlook on GU as EU. Bearish at least early on in the week, unlike EU, GU made a weekly high on Friday, will be watching as price approaches this level next week. Expecting either the high will be protected, or liquidity above it will be grabbed before the bearish move, leaning towards the latter. Will be watching that area for a trade down to at least friday's low. But potentially as far down as last week's low. As always there are a number of different paths the market could take. These are simply the paths that seem probable to me at this point in time. We shall see how it opens on Sunday for some more clarity. This is inline with my overall bullish sentiment on DXY.

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