GBP/USD-Daily analysis

2020-02-06 13:13:26

Hello everyone!

-On GBP/USD we can see that price is mowing in symmetrical triangle and we can also see that price tested and rejected support line(blue line) and price also tested and rejected support line of triangle too(lower yellow line).
-On 1 day time frame we have 4 days candles that tested and rejected support levels so we may expect some bullish move.
-On daily base GBP is weak and USD is as twice more stronger than GBP so we can also expect breakdown in bearish direction because strong pressure of USD.
-What do you think about this setup and this pair? Please let me know in the comment section!
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.