Willpower87
Short

Update on last week's GBPUSD short

FX:GBPUSD   British Pound/U.S. Dollar
Short from 1.5925 is working

The topping formation looks almost exactly the same as the one on May 13 (also Fib time from the low)

What happens next is interesting. It'll come to test the short-term uptrend (pretty steep one) at 1.58. If holds, although highly doubtful, then it'll bounce and probably go higher.

If breaks below 1.58, then next support will be the 38.2% retracement and another trend line support at 1.5635.

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out