Using history as a guide, the long term outlook of GBPUSD is at a critical juncture in my opinion.
If we break the key area of resistance shown we could see a huge strength in the £ long term however if we continue getting rejection we could see history repeat itself and a long term reversal back to the 1.20's regions...
I like the odds of shorting .
If we break the key area of resistance shown we could see a huge strength in the £ long term however if we continue getting rejection we could see history repeat itself and a long term reversal back to the 1.20's regions...
I like the odds of shorting .
Comment:
I'd like to see the £ take another leg up closer to 1.435 area which is where we saw the major reversal in '18 before shorting