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JSBAnalysis
Jun 16, 2021 8:46 AM

GBPUSD Short Proposal 

British Pound/U.S. DollarFXCM

Description

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 .

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
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