As price goes below 1.1400 it may confirm the trend has changed once 1.13500 gets a close below.
Entry 1.1475 which is a third entry
Where it rejected 1.15050 is second
Rsi seems like it's lacking upward momentum and the bullish pattern everyone sees is trying to reverse than continue.
For this to up more positive news is needed but overall I see usd coming back with its strength showoff.
Many SL are below down to 1.09 and once that breaks we would wait for a break of 1.07-1.05 the lows 1.02 will be a swing confirmation and by than it will be to late for buyers to save it I see the main trend bearish and if the 1.173-1.18 holds it can sell hard Monthly as it did from 1.42-1.38
Target for this is 1.08/1.038/1.000/0.96/
I feel like 0.955/0.95 can be a support until we nose dive to numbers people weren't expecting. Remember inflation will do this coz of usd printing and lending money for the COVID stimulus checks. If fiscal doesn't boom bright for gbpusd it will still sell as every pm fails to bring stability to rhe pound that's of which is 1.50
Since 2008 it's been bleeding and for some reason Brexit and the undeniable comeback of the greenback pressures this pair
Entry 1.1475 which is a third entry
Where it rejected 1.15050 is second
Rsi seems like it's lacking upward momentum and the bullish pattern everyone sees is trying to reverse than continue.
For this to up more positive news is needed but overall I see usd coming back with its strength showoff.
Many SL are below down to 1.09 and once that breaks we would wait for a break of 1.07-1.05 the lows 1.02 will be a swing confirmation and by than it will be to late for buyers to save it I see the main trend bearish and if the 1.173-1.18 holds it can sell hard Monthly as it did from 1.42-1.38
Target for this is 1.08/1.038/1.000/0.96/
I feel like 0.955/0.95 can be a support until we nose dive to numbers people weren't expecting. Remember inflation will do this coz of usd printing and lending money for the COVID stimulus checks. If fiscal doesn't boom bright for gbpusd it will still sell as every pm fails to bring stability to rhe pound that's of which is 1.50
Since 2008 it's been bleeding and for some reason Brexit and the undeniable comeback of the greenback pressures this pair
