GBPUSD: Top-Down Analysis & Bearish Setup 🇬🇧🇺🇸

Short

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

Multiple Time Frame Analysis Support and Resistance Cup And Handle GBPUSD DJ FXCM Index USD dollar forecast GBP pound signals Contains image

mtfa supportandresistance cupandhandle gbpusd usdollar usd dollar forecast gbp pound signals containsimage

snapshot

GBPUSD is under a strong bearish pressure.
The price successfully violated 1.23 key daily support and closed below that.

Retesting the broken structure, the price formed a tiny cup & handle pattern.
The breakout of its neckline is a sign of strength of the sellers.

The pair may continue falling.
Support - 1.225

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.