Forex GBP/USD Daily Video, February, 08, 2023

Hi Sive. On my MT4 Monthly chart shows me Stop Grabber on close of the previous month and on a Weekly we have confirmed DRPO Sell.
 
Hi Sive. On my MT4 Monthly chart shows me Stop Grabber on close of the previous month and on a Weekly we have confirmed DRPO Sell.
You're absolutely right, Bobo. So, we have many patterns with the same direction. This week we could get bullish weekly grabber, though... Anyway let's see
 
Good morning,

While we're still waiting for clear bearish patterns on EUR, GBP shows more evident picture. But both currencies suggest that downside action supposedly will be more extended:


Sive, thank you very much for your analysis on this pair. Since last week, I have suspended trading the EUR/USD and switched over to GBP/USD and so, in a way, you must have read my mind :)
 
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