GBPUSD moving bearish
**Monthly Chart**
on the monthly chart, it has been moving in a narrow range for the last two months. In addition, Feb candle opened within the range and started moving lower after it tested the monthly high. All this suggests a move lower next week at least to test the liquidity candle low around 1.2200 level.
**Weekly Chart**
GBPUSD formed a rounding top pattern on the weekly chart, in addition to last week's candle which is a key reversal suggesting a change in short-term directional bias to go lower at least to test 1.2500 level. I am waiting for a break of relatively equal lows on a shorter time frame for aggressive sell entry.
**Daily Chart**
I am just waiting for a clear break of relatively equal lows for a good entry setup to take this pair short. At least to 1.2500 level and then look for a target around 1.22000 level.
on the monthly chart, it has been moving in a narrow range for the last two months. In addition, Feb candle opened within the range and started moving lower after it tested the monthly high. All this suggests a move lower next week at least to test the liquidity candle low around 1.2200 level.
**Weekly Chart**
GBPUSD formed a rounding top pattern on the weekly chart, in addition to last week's candle which is a key reversal suggesting a change in short-term directional bias to go lower at least to test 1.2500 level. I am waiting for a break of relatively equal lows on a shorter time frame for aggressive sell entry.
**Daily Chart**
I am just waiting for a clear break of relatively equal lows for a good entry setup to take this pair short. At least to 1.2500 level and then look for a target around 1.22000 level.
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