GBPUSD 12TH MAY 2020

13 May 2020

GBPUSD has been forming a bearish market structure over the past few days has broken a region of support at the place that is highlighted by the rectangle. I expect price to retest that zone for a further push downards.

13 May 2020

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A few minutes to market open, I notice that price has taken out previous resistance. This is a testimony that the bulls have taken over the market and we should thus be looking for buys.