GbpUsd has been bearish on higher time-frames for quite a while now**
Currently we are seeing some buyers exhaustion from this level around 1.25500. We’re going to follow the trend and our analysis. We’re looking to short upon proper confirmation. A nice bearish engulfing candle through the MA’s would be good enough confirmation.
If price action breaks through this weekly resistance & approaching 200 ema we may consider a change of sentiment. We will re-analyze and look for longs if and when that happens.