Get started
ZakTheMak

GBPUSD Sell (Short) Opportunity

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ZakTheMak  
FX:GBPUSD   British Pound / U.S. Dollar
Technical Indicators Fundamental Analysis Trend Analysis GBPUSD gu
10
1
indicator fundamental trendanalysis gbpusd gu
GBPUSD is at a good sell zone for a drop to the next support area.

GBP fundamentals are still very bad and the UK is now in a recession.

The dollar currency index appears to have reversed to the upside after a deep dollar retrace - this should fuel further dollar strength and GBPUSD should fall as a result.
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.