GBPUSD Analysis

Hey Traders,

Scenario 1: GBPUSD has broken the resistance line and we are waiting for the retest of the broken structure turning into support, once we confirm that the market has bounced off the retested support line, we can buy the pair and exit of the resistance line indicated in the chart.

Scenario 2: If the market is able to reach and bounce the resistance line that was a double top, turning into triple top, the market will sell-off as expected; all these are only my personal view and analysis they are not signal or investment idea.

Good luck and have a nice weekend.

Kamal