GBPUSD Weekly Technical Outlook
Last week, the GBPUSD market operation on the weekly time frame printed an indecision candlestick at the 1.35670 horizontal resistance area. This represents a decline in bullish momentum.
The GBPUSD price action on the daily time frame went sideways on Friday after a bullish break above the 1.35670 horizontal resistance on Thursday. The prominent tail on the bearish candlestick printed on Friday indicates that bulls are still influential in the market.
The GBPUSD price action on the H4 time frame is presently sideways at the 1.35670 horizontal resistance. Technically, the market lacks directional momentum.
I may be wrong. Trade safe and prosper.
Trap