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The Pound Weakens Against The Dollar

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD pound britishpound dollar DJ FXCM Index Forex trendtrading sublimetrading
4
0
trendanalysis indicator chartpattern gbpusd pound britishpound dollar usdollar forex trendtrading sublimetrading
Last post: May 30th 2019. See chart.

Review: Price was in a period of consolidation.

Update: Price has moved a lot lower since the last post as the pound has continued to weaken.

Conclusion: The trend to the downside looks good but there is still strong support below in the form of the previous all-time low. If this area is taken out then we should see further weakness.

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