After last week the price of the dollar traded at 1,347 thus forming a difficult ceiling to break, where in my previous post I specified the times that such a price had been reached, and then going in a downtrend, from what we have seen in this The time is that when it gets there, the price of the pair begins to fall.
This week may not be the exception, its price will probably begin to fall, but this time it will be slowly due to the weakness of the United States dollar.
It could be said that starting today it could be opened short but taking advantage of a good entry point, even though the price reached 1,353, I created a hammer shaped candle showing the price retracement. As can be seen in the graph with 1D temporality
Chart GBP / USD temporality 1D
In the 30MIN chart, the red candles were notably seen, the price went strongly towards the price of 1,322, to then go up progressively, with a few red candles interspersed, but you can see that they are going down very strongly, possibly arriving at the price of 1,342 and then slowly going down, although we should not trust ourselves too much due to the weakness that the dollar has shown, and more against other pairs such as EUR / USD and USD / CAD, where it has been losing value.
This week we must be very active and aware of the price of this pair, which from what its old pattern shows us, it will probably repeat itself and good profits can be obtained.
