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RamziAbouAbdallah-CMT

GBP/USD -9/5/2022-

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
RamziAbouAbdallah-CMT  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD GBP USD pound poundsterling Forex forexsignals forextrading
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trendanalysis chartpattern gbpusd gbp usd pound poundsterling forex forexsignals forextrading
• Pound is one of the worst performing currencies against the USD
• Dovish BOE adding pressure to the pair
• The R-word was highly sensed from the last MPC meeting
• Technically, the trend is still bearish and accelerating
• Break below the descending, already bearish channel signals an acceleration in the prevailing trend
• Bears now target levels within 1.20s, ranging from 1.20 to 1.2080
Ramzi Abou Abdallah, CFTe, CMT

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