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MichFX | GBPUSD started the next round of bearish movement

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
MichFX24  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD weeklyanalysis weeklyforecast downtrend Bearish Patterns
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trendanalysis chartpattern gbpusd weeklyanalysis weeklyforecast downtrend bearish
snapshot

With an overall bearish trend , GBPUSD has finished a week+ bullish movement by reaching a strong resistance zone . It broke the ascendant channel and started its bearish movement. A successful retest of the zone will confirm the downtrend and will give more confidence to open short positions.

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