GBPUSD

When chaos affects our analyzes then we need to clarify, as yes ... We come out of a compression that calls everything into question, we expected an upward break for some fundamental indications, but nothing, however this opens up interesting scenarios anyway. Price action lovers know when Read everything…

Still too much erratic even if in a predictable lateral form, but it is better ... Avoid any kind of interaction, practically paralyzed this pair, only very short-term scalping strategies.

GBPUSD has also entered into deep erraticity, better to avoid strategies… Short-term strategies, intraday, are better to avoid them because the erratic phase continues that does not lead to anything good. Paradoxically, very short-term scalping strategies, maximum five minutes, would be better.

The pound could not miss in this phase of general accumulation, we focus on ... A well-defined range, for the whole week should move within this range, but beware of the break-outs, they could be scams, better respect the levels of support and resistance, we are on the pivot. For the moment we stay Read everything…

When a bearish flag does not work there is only one thing to do ... Buying, this is done when a bearish flag does not work, it is equivalent to a negation, at worst it could lateralize if the R1 test has the desired result. We are buy up to at least R1, at worst we will use lateral strategies.

In obvious difficulty and tendentially bearish it does not… It does not offer great opportunities to make forecasts using technical analysis, in fact it is strongly lateral and tendentially bearish. For today we will dedicate ourselves to this pair with scalping strategies, decidedly lateral.

A bearish flag is being created that we really like, here too erratic but… More than bearish perhaps lateral, but in any case we will find bearish ideas, the only thing that changes is the target if the channel is broken downwards. For the moment we remain flat but we could take a sell position in the test Read everything…

The only thing that we can notice and that makes us think is… The bearish channel that has formed retains a certain erraticity within it, but a channel is a channel and we like channels, we feel at ease. A break to the upside certainly tempts us Read everything…

Totally erratic, we have the impression that… This pair is going through a period of strong indecision, not to say confusion, certainly the pound is suffering a lot, but it is also thanks to a US dollar in turmoil. Today for sure we will avoid any interaction with this pair, not even by scalping, tomorrow maybe they could show up Read everything…

We already didn't like last Friday let alone today, but… If S1 were to do its job, even at that point, we wouldn't feel adequately safe for a long strategy, too much indecision. We will implement very short time strategies, scalping throughout the day, around S1.