GBPUSD | Perspective for the new week
The last year closed on a sour note for the British pound as hopes of a significant recovery during the last quarter diminished to close at the 1.21000 zone. In this video, we looked at the chart from a technical standpoint where we identified a simple structure within the 1.21000 and 1.20200 zone as price action transitioned into a reversal pattern on the 4H timeframe hereby presenting us with bullish opportunities in the new week.
And as all eyes focus on the first NFP of the year coming up this week, we shall not ignore the option of a bearish move if price actions break below the 1.20200 level. #OPINIONLEADER#
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