After the
Greek drama during the weekend most pairs opened with a gap and GBP/USD was no
exception. However, the pair managed to recover the gap and even continued
climbing after that, reaching the resistance at 1.5790, which wasn’t all that
surprising considering the doji candlestick above the support at 1.5650 visible
on the daily filter chart. For the moment I would say that I expect a further
move to the upside so the pair can test the resistance at 1.5790 again, but
considering the situation in Greece
and its effect on the market I would be very cautious while trading this week.
Intersting analysis, thank you.
ReplyDeleteGreece situation is still the main focus this week.
ReplyDeleteLet's see how it reacts to non farm payrolls.
ReplyDeleteThank you for this informative analysis!
ReplyDeleteUseful information, thanks.
ReplyDeleteVery useful analysis. thank you for sharing.
ReplyDelete