[GBP] Before the U.S. Presidential Election

GBP/USD 1-hour chart, source: forexfactory.com

GBP/USD 4-HOUR CHART, source: forexfactory.com

The price of currency pair GBP/USD made a gap decline at the opening the market in this week. The opening with gap decline is not abnormal. In Monday morning, the gap is occurred frequently and it is bridged in a day. It is ordinary case. But in the day, the price of currency pair failed to bridge the gap and the price is building the downward pattern, Head-and-Shoulders pattern in one-hour chart and four-hour chart.


The chart moves down and repeat up and down in the band of about 1.23~1.25 in the week, I guess.


Prior the technical analysis, we need to watch the market with the fundamental analysis. The U.S. Presidential Election is held on Tuesday. The politics news is belong to unanalyzable realm technically. The technical analysis can't watch political and economy events.


The election leads the market to fog. The uncertain situation makes the market participants just watch the market and political situation.


Should we trade in the market, nevertheless?