• Vasily Trader

GBPUSD: Important Decision Ahead (indecision)

GBPUSD is very close to an important decision point:

1.3785 - 1.38 is a support cluster based on a current local structure low.

Here are two scenarios for you to watch:

Bearish -

To catch a bearish continuation,

wait for a breakout of the yellow zone to the downside.

It will trigger a bearish move to 1.37

Bullish -

To catch a pullback from the underlined zone,

let the price reach the yellow zone,

wait for a bullish breakout of a falling wedge pattern,

buy aggressively or on a retest.

Goal will be - 1.393

Wait for the trigger and follow the market.

Are you bullish or bearish on GBPUSD?