On this short term trade I bring my technical analysis on the GBPUSD pair. The asset as break the ascending trend line downwards and with a stronger dollar momentum I’m personally looking to sell the asset on this correction thinking that the price as more room to fall until the 1.3060 level.
Key Note: Using the anti correlation formula we should buy the EURGBP and I believe it’s possible.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved. CFD´s are very complex financial products that can result on the loss of most capital invested.
Trade active
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Hello everyone, As it held suport overnight I believe that will reach once again the top of the trend structure and then short trades could be filled.