GBPUSD 1 hour timeframe…Two possible directions…if price retraces from DEPZ101/61.8% Level then i would look for price to clapse…with the chances being high as i can see that GU is struggling at that level judging from previous price behaviour…if price however breaks through i will still have another DEPZ level to look out for…Up by the Last visible DEPZ level…if that DEPZ level fails(I will judge by dropping down to the lower time frames) then we would completely be in a BUYZ with clear buying opportunities but that is likely not to happen judging from the PDEPZ level marked out on the Monthly timeframe…and also judging from the soaring US Inflation Rates…GU has been clapsing so if the FED does not Hike rates then inflation will remain at 9.1% and price will continue in the desired direction…i will see More evidence of a direction when the market opens so i leave my direction Neutral in the meantime
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