Good afternoon traders! Analysis of the GBP / USD pair:
Friday's recommendation suggested shorting the pound after the "pin bar in trend" setup. However, Friday closed with a reverse bar, canceling the previous one. This is a perfect example of uncertainty when conflicting signals come.
This is what it looks like in the hourly chart:
The areas below have not gone away. I suggest waiting for new short-term initiatives, with targets at 1.24500.
Good luck!
