GBP USD has had an excellent run in Year 2025 and has taken out all its lows since September 2024. It has had a reversal around 1.3425 and has established a lower high on the daily chart. The Weekly candle printed in Week 17 is a bearish candle although it closed above the CLOSE and HIGH of Week 16. Therefore, it will be wiser to see further weakness in the pair and then go short in the Sellers’ area above 1.3360. However, if the pair breaks out and closes above 1.35, then the uptrend continues and SHORTS are off the table.
ROLLOVER OF FUTURES CONTRACTS WEEK 21