Starting off the week with some technical analysis
. This time on the GBPUSD
4hr. It seems a bearish bat
is forming. Definitely one I will be keeping my eye on over the coming days. The market appears to be down trending. The only fault I can see as of right now which might affect the trade is the trend line
I have drew in, it has multiple points of contact and could possibly mean price will bounce off it once again. Only time will tell.