Rocketman

GBPUSD falls, but not across the board...

FX:GBPUSD   British Pound/U.S. Dollar
59 0 5
GBP is falling but not across the board. This is due to China strength andUS dollar strength in their respective currencies.

Although only GBPUSD             and GBPCNY             has falling by themselves, the GBP index is testing the backside of a broken trendline:
snapshot
So, there is a probe for resistance.

The GBPUSD             fell right into the area where I take shorts and has penetrated the counter trendline .

It will pause here at 61.8% or contune down next week:
snapshot


I do my update over the weekend...so, I am taking a break after this.

United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out