IvanLabrie
Short

GBPUSD: Long term decline analysis

FX:GBPUSD   British Pound/U.S. Dollar
This is the long term outlook for GBPUSD             , we can see that the signal here has been working well, and although I had initially identified it as a quarterly signal, it belongs to a higher timeframe to correctly portray the activity in it according to the 'Time at mode' methodology.

For now, we'd have to wait for this year to end to judge the future shorter term targets to validate the bearish momentum, but we can already keep the target in mind, to flip long after covering any short we have once hit, or if the time expires, or, to identify long term resistance levels to short against on rallies.

The daily chart tells us to wait, and so does the weekly for now, so, I'll keep an eye on it to short rallies, or the confirmation of a lower timeframe 'Time at mode' downtrend signal like the one in related ideas.

Good luck,

Ivan Labrie.
Comment: We now resume this decline.
Gbp is really suffering. Looks like I won't be heading stateside for a while. Dam fools who voted out. Sheep led by sheep led by ego driven wolves. Dam shame
+1 Reply
IvanLabrie PRO RJHumphries
Part of a bigger plan I'd assume.

We can try to surf the waves, not much more we can do.
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