This was the bearish week of GBP / USD
The GBP / USD pair was news again, when many called it unstable due to the high cost of the pair's quotes, I saw it repeatedly by tracking its history each time the pair reached that same peak, it was noticeable that the price would drop upon reaching its point of 1.35 as on previous occasions.
This time it was no exception, after reaching the price of 1.35, its price plummeted completely until it reached the cost of 1.32, here I open a parenthesis to say this, "that a large number of points instantly fell the price" to reaching that cost the price rose again, some would have thought that it was only a rebound and then break the resistance but it did not, it began to form a lateralized channel but slowly began to decline, it returned to the previous low point of 1.32 forming a small Support that this was broken much later, when the price fell with great force and broke that formed floor that apparently may turn into a new resistance, this could be a key point for next signals. As you can see in the graph with temporality 1H
This pair has been creating a pattern which has been repeated a couple of times, I have already made references to this in my previous post where I told you that this would be a bearish week. Next week we must see how the market opens in relation to this pair to make sure if the pattern will be repetitive, to be able to take advantage of valuable entries and generate very good profits.
As I have always told them, we must be very patient, follow the pair well, be very disciplined but above all, insist, insist and never give up.
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