GBPUSD corrected this week, as expected, but had big problems at 3000, which seems to be a huge resistance zone for now. It might be a decision zone for next week…if bulls can break and stay above, the next target will be 3140-3190, if they fail to break above, bears might take over and re-visit below 2800. Weekly candle is mini bullish, so lets see if it helps bulls to break above 3000. For this reason, I am “scared” to short EURUSD just yet…as if GU goes up, EU will go up, too, most probably. I am still waiting for 1930-1950 on EU to be re-visited, to look for possible weakness there. If it goes higher, the double top at 2000 might be a good short, if it doesn’t break and close above 2020. Anyway, week should start bullish and then we will see how high it is able to go, to look for possible shorts.
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