GBP/USD Signal - USD 3 Month Bill Auction - 23 Aug 2021

Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

trendanalysis harmonicpatterns supplyanddemand gbpusd gbp usd betty cable forex forexsignal pounddollar

GBPUSD is trending to the downside prior to the USD 3 Month Bill Auction data, which reveals the yield for the US Treasury backed security. Technically the pair is trending below the 50 moving average, and the 50 & 200 MA's are in a bearish cross. We anticipate continued downside into the 1.3560 level.

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