Get started
TheWallPipsJournal

GBPUSD - UK GDP Performance might confirm The Drop

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
TheWallPipsJournal Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Double Top or Bottom Trend Lines GBPUSD gbpusdshort forexanalysis forextrading forexsignals forextrader gbpusdanalysis
0
0
doubletoporbottom trendline gbpusd gbpusdshort forexanalysis forextrading forexsignals forextrader gbpusdanalysis
Hi,

Based on the 1H Chart, there is an inverted hammer prior to the drop of the pair, we also see the trendline and double top breached.

Earlier there was an industrial and manufacturing reports of the UK which were below expectation which might serve as the confirmation of the bearish movement for the pair.

Happy Trading!
Trade closed: target reached
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.