FX.co ★ CARTON | GBP/USD

Good morning, Everybody! I hope you are healthy and still full of enthusiasm. Today, I will share with you a brief analysis of the GBP/USD currency pair, which can be used as a useful reference. Look at various currency pairs, GBP/USD is indeed in a certain difficulty. As long as you can close your positions, give full play to your analytical skills, or be able to curb greedy MM, you can also produce profitable results. We should note that trading involves "psychological" and OP buying and selling.

TF H1 is bullish, but in terms of supply and demand, there seems to be something to chase first, so it is critical to pay attention to this situation. It is clear from the arguments and analysis that it will drop today. We do not know if the price will drop to 1.1015 as a bearish base, but today there is powerful support at 1.1340 as resistance. On the H1 stochastic indicator suggests someone may overbuy it, but as of now, it has been hovering around the 80 level, showing that it will soon surpass the typical threshold for a trend reversal. So be prepared to debate whether it can be proven; whether it can be OP depends on the analysis. However, as long as you have confidence in the analysis and trading system itself, it should be used as a reference.

Maybe the small TF is not supported, as we limit it to a few points on the M15 TF for price comparison. The future will be healthier with tougher sanctions, but for the OP, I don't recommend it. Instead, use a safe protocol. Don't be rude to the OP and use the MM and RM before the OP. This will ensure that you can continue to indulge your greed.