GBPUSD will go down.. unless there will be a miracle news...
We observe the golden cross in the price however, we must consider the long term trend which is in the C wave. If you will also check the daily chart, it will be clearer to see
the direction of the price. On the fundamental side, investors are looking for stability in the market before they invest in risky assets. In such, we see that the BREXIT is still in the shadow.
We all know that brexit is bad for UK, the worse scenario is no deal which will give a chilling signal for the pound. Again, I'm currently trading on the short term goal and staying away from
both day trading and hold strategy.
the direction of the price. On the fundamental side, investors are looking for stability in the market before they invest in risky assets. In such, we see that the BREXIT is still in the shadow.
We all know that brexit is bad for UK, the worse scenario is no deal which will give a chilling signal for the pound. Again, I'm currently trading on the short term goal and staying away from
both day trading and hold strategy.
Trade active:
Follow up on the chart. It already formed a head & shoulder patter which is a bearish signal. You may confirm it by checking the 4 hour line chart.