FX:GBPUSD British Pound/U.S. Dollar
NIce analysis, but since it's the weekly chart, the risk is way to great for me. I have a much smaller account, that's why I trade only micro lots. I think we are likely to see GBP rise since the US dollar seems to be running out of steam. Let's see what happens. Thank you for sharing and Good Luck :)
Hi Hamed, GBP has been proving the least reliable when it comes to my TA, across some pairs it is yielding a clear bullish bias whilst against the dollar the outlook is bearish. Long term USD will outperform both GBP and EUR I believe, so in the long term a bearish bias for GBP would make sense. If we break the 1.456 to the downside, I will be more confident of this pair's long term bias.