GBPUSD - A quick review of yesterday's movements
The red arrow was my prediction of the movement of price.
It failed overall but took small profits before it went the opposite direction.
Price made a drop-base-rally, which acts as a demand zone at this point.
Later today with the news, price could either go up to meet the supply,
or break the current demand (formed yesterday) and mitigate the demand zone at
1.26327.
It failed overall but took small profits before it went the opposite direction.
Price made a drop-base-rally, which acts as a demand zone at this point.
Later today with the news, price could either go up to meet the supply,
or break the current demand (formed yesterday) and mitigate the demand zone at
1.26327.