Forex September 29 GBPUSD

 What i see from my  chart analysis on this pair, GBPUSD is this. Seller is getting very impatience to bring the price down further. But they couldn't because the fundamental of supply and demand principle must be fulfil. In my opinion, buyers and sellers is in a battle now. (Last picture)

When i do my chart analysis, i always look for some form patterns. Above picture, Inside the big brown channel, there are 1 double top, and 2 triple top. Any exceptions, GBPUSD on this one!

 Price is currently at the range i highlighted above. The big yellow arrow indicate conviction drive. I believe big player has enter the market, Just that price move too fast at one time, it got rejected right away.

GBPUSD is in a battle now! Who will win? In my opinion, buyers will eventually win (big one).. But not for long, as it getting to the last phase of this big trending up! (big brown channel)

Posted by Victor Lew

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