InvestMate

💷💵GBP/USD Continuation Of Declines💷💵

Short
FX:GBPUSD   British Pound / U.S. Dollar
💷💵GBP/USD Continuation Of Declines

💷💵As I wrote in a previous post about the likely continuation of declines:

💷💵I was not wrong.

💷💵My scenario does not change, I still expect a continuation of the downward movement.

💷💵Looking at the technical environment, I see that GBP/USD should not have any major problems with declines.

💷💵The support zone was determined by the 0.382 level of the entire upward wave from the bottom to the current peak.

💷💵The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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