The Market is in a big sideway and we better avoid this pair

Analysing forex from The Market side & perspective.

Hello traders, in this opening hours we are going to analyse GBPUSD. The market was in a big sideway. As we can see the market went up and down in a high range. Like in July, 15 it went up for 160 pips cleared our BUY positions at 1.2619 then went back down for 138 pips cleared out our SELL positions at 1.2548. In this area, we dont have new trading positions and traders are suggested to avoid to trade this pair for a while.