July 4th GBP/USD Analysis

Monthly is in a downtrend


And the entire movement is in a downtrend.

Weekly is in a downtrend

Daily is in a significant downtrend as the PA is below the 50 SMA. From this alone, we should look for pullbacks to near the 50 MA. There is also a significant gap between the PA and 50 MA.

On the 4 hr, we appear to be in some consolidation.

At this point, I would like to sell. It is just a matter of getting in at the right time near pullbacks.

Not much will happen with GBPUSD during the holiday, best you wait for NFP tomorrow.

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Awaiting NFP.