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VladimirRibakov

GBPUSD Forecast

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
VladimirRibakov Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines GBPUSD forecast SELL Bearish Patterns Trend Line Break bearishdivergence bearishhiddendivergence
12
4
trendanalysis supportandresistance trendline gbpusd forecast sell bearish trendlinebreak bearishdivergence bearishhiddendivergence
D1 - Price has broken below the uptrend line and is currently retesting it. Bearish divergence.

On the RSI indicator price has broken below the 50 level and is currently retesting it.

H4 - Potential bearish hidden divergence.

Until the strong resistance zone shown in the chart holds my view remains bearish here.

Note: Pay attention to FOMC today.


Comment:
The price moved lower from the strong resistance zone as I expected it to in my forecast and delivered an amazing move to the downside!
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