On Thursday GBPUSD pair looked better than EURUSD, but it was influenced by dollar’s growth. And a signal for deployment on this pair was formed- within two narrow diapason days there is a bear absorption. Unlike Euro where the preliminary signal for deployment was formed on Wednesday, the signal for pound sterling appeared only today.
Thus GBPUSD pair has potential for lowering further. The opening of short positions on current levels is pretty risky, since there is a possibility of support from this level of support, created by upper boundary of short diapason of November.
That is why the opening of short positions should be planned in case of repeated breakdown (the first one occurred on Thursday) of this level of Friday, since it will be a confirming signal for pair fall.Social button for Joomla