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GBP/USD Weekly Forecast (3th August - 7th August))

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Wave Analysis GBP USD gbpusdshort swing profit Relative Strength Index (RSI)
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trendanalysis indicator waveanalysis gbp usd gbpusdshort swing profit relativestrengthindex
On the GBP/USD comes an another oppotunity. Engulfing pattern on a daily chart , RSI is not overbought anymore, the nearest key level is far enough for a great Risk-Reward ratio. This idea is similar to the USD/CHF and the EUR/USD pair. If you want to trade the dollar strengthening on every chart, beware of cumulative risk!
Trade closed manually: +20 PIP

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