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ForexSpecialist

GBPUSD MONTHLY TIMEFRAME ANALYSIS

British Pound / U.S. Dollar (FX:GBPUSD)  
ForexSpecialist  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD neutral LONG short buy SELL
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trendanalysis chartpattern waveanalysis gbpusd neutral long short buy sell
Dear traders,

GBPUSD is trending downward. Recently it has broken a strong support at around 1.2027. It also has broken the neckline of a double top and M formation. If this monthly candle close above the support zone, then GU might go up. But if it closes below that it is going down. The confluence is more on the selling side because of the trend, double top and the M formation. Good luck everyone!

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DISCLAIMER:
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This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.


Thank you for your support,

FX Specialist
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