Forex

GBP still moves inside a big daily bearish AB Downswing A = 2.0125 B = 1.9481, holding below the current 1.9983/.786 retrace resistance after Tweezer Tops were created last week to send the market on a new dip move. Last week the bear team repeated the dosis by creating another set of Tweezers at the 1.9730/.86 retrace resistance of the major downswing A = 1.9791 B = 1.9375, threatning to break the retrace counter trend line and re-locate the pound inside a sell zone. This is why our focus will give preference to sell bear patterns as long as they are obtained below the downswings formed in the recent sessions