GbpUsd - Short Despite Range

١٢ نوفمبر ٢٠١٧

The GBPUSD continued to range last week failing to sell of from the equilibrium point of the range around the 1.31550 area. Expecting the higher probability of the breakout to be to the downside (the same way price entered the range) a re-test of the range top next week at 1.32696 will provide a great place to look for Bearish formations for short back to the equilibrium point and potentially down towards the targets of 1.30342 and 1.29799 in the coming weeks.