Looking closely at the VWAP there does not seem to be any strong volume of this downside move. Be careful selling at this current price. look for sell-side interest back at 1.3606 or above with a target for 1.3567 as buyers step back in.
Please remember there are the GBP interest rates announcements at 12 pm GMT which could pull the liquidity out of the market causing huge spikes.
POI - Strong buy-side interest at 1.3567
POI - Strong Sell-side interest at 1.3606 and above
Currency Strength Comparison -
Strong: USD
Weak: GBP
#GBP #USD #GBPUSD #FOREX
Please remember there are the GBP interest rates announcements at 12 pm GMT which could pull the liquidity out of the market causing huge spikes.
POI - Strong buy-side interest at 1.3567
POI - Strong Sell-side interest at 1.3606 and above
Currency Strength Comparison -
Strong: USD
Weak: GBP
#GBP #USD #GBPUSD #FOREX
