FX:GBPUSD   British Pound / U.S. Dollar
Hello and welcome to my Trade Idea of the currency pair GBP/USD .

Lets start with the Top Down Analysis.


Monthly: On the monthly timeframe we can see that the price is in a beautiful downtrend.


Weekly: On weekly we see that, the price is at the monthly support. Which can lead to a strong bullish movement. I expect that the price bounce off from the H4 resistance and fall down after that.


Have a nice day.
So, what is the analysis now? will it bounce from BRN 1.22000?
+1 Reply
@MEGACUAN-FX,analysis is invalid
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gbp is an all-around long basically atp
+1 Reply
Bullandbeartrading NicolasBourbaki
@NicolasBourbaki, yeah long until 1.27000.
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NicolasBourbaki Bullandbeartrading
@Bullandbeartrading, probably 1.3 if you're patient...
+1 Reply
Bullandbeartrading NicolasBourbaki
@NicolasBourbaki, interesting view, we will see bro.
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