with base on my analysis on gbpusd, i think the price will go short.the reason is the oversold condition is still not extreme.the daily and weekly previous candle are extremely bearish.
there are strong weekly support which the price are holding in. 1.51775. if the price break the weekly support.it will go to 1.49911.and if it dont break and make reversal. i think the price will make a retracement before continue moving downward.
there are strong weekly support which the price are holding in. 1.51775. if the price break the weekly support.it will go to 1.49911.and if it dont break and make reversal. i think the price will make a retracement before continue moving downward.
