MeaslyBean

GBPUSD: bulls losing power

Short
FX:GBPUSD   British Pound / U.S. Dollar
GU has been struggling to make higher highs and has been clinging to the weekly trendline making frequent touches as it has approached our resistance level. This all signals a weakening bullish trend and I suspect that GU will be breaking the weekly trendline some time next week. If it does, we can look at the identified support level below as a possible target.
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