STEIN INVESTMENTS - MORNING BRIEFING MARKET ANALYSIS
Today we are focused on the GBP which continues it's downtrend.
The trends of the major pair is in-line from M1 to D1, so let's spot the currency strength.
GBP turned weak during the morning session and offers great opportunities against the USD, CAD, EUR and JPY.
In this example, we had a long sideways move and the delta jumped to clear SELL for GBPJPY recently.
So let's check the support and resistance analysis for this pair.
This support level has been tested twice within the last days so we expect it to be broken soon.
This is how all three steps look in one research chart.
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