GBPUSD at new positions level and new trading volumes
GBPUSD at new positions level and new trading volumes
Analysing Forex from The Market side & perspective.
Today as we can see that GBPUSD have ended its uptrend and now it goes down leaving new traders positions. We have seller positions at 1.2589 and buyer positions at 1.2540. The Market needs to increase trading volumes in this area in order to make a next move. It could form a sideway market for sometimes for now. And because the price is on The Buyers positions, we can expect the market to move up to say hello to The Sellers.
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