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Donatelio
Sep 14, 2020 8:21 AM

GBP Forecast 

British Pound / U.S. DollarFOREX.com

Description

a. 1W – Candle closed with a bearish sentiment.

b. 1D - Uptrend has been broken, therefore we are looking for a re-test and some short position.

Thoughts:
A lot of news directly influenced the price movement last week. And there is no doubt if #DXY will continue to gain strength this pair is more likely to continue its downtrend.

The alternative scenario will occur only if we could consolidate above the 1D trendline.
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