ElliotW15

An analysis of GDP/USD on 1 day chart

FX:GBPUSD   British Pound / U.S. Dollar
Based on the 1 week timeframe, the overall trend is a downtrend. If price breaks that trendline and the 200 MA, that could see a change into an uptrend and would be certified by the morning star. However if the price breaks the smaller uptrend trendline, that can show a continuation in a downtrend. MACD could show a gaining momentum in the uptrend potentially reaching the 1 week trendline.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.