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We're sellers

We're sellers | 01 February 2023

01 February 2023, GBP/USD

We're sellers

GBPUSD has been on an uptrend for the last few days but now it seems to change, the market is currently moving impulsively to the downside from 1.24161. From 1.24161 to where the market is now we notice that the market has been moving in form of an expanding descending channel. This tells us that the sellers might be in control for a short time and that the uptrend is still active. I expect the market to move impulsively from 1.23227.At 1.22837 there is a major zone, Support zone. If at all the price fails to break this level ,the market will most likely form a double bottom before moving to the upside, we will then mark where the market has formed the double top as our major zone V .

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We're sellers

Bob Stan
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