GBPUSD CONFUSION

Over the past 3 days GBPUSD has put on a rally forming a pattern called the "Three White Soldiers". This is a strong rare formation in FX pairs indicating that we are ready to go bullish. However, you can see in the chart it has formed this pattern straight into a strong area of supply.

With low liquidity from it being the holiday season and no macro environment movement worth mentioning, GBPUSD looks like it is trying to trap traders.

I can see this pair going sideways for a couple of weeks, then followed by a strong break of either the 1.32 to the downside, or the 1.35 to the upside.

Let me know which way you think this pair is heading and why!