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EliteTradingSignals

GBP/USD BEARS WILL DOMINATE THE MARKET|SHORT

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
EliteTradingSignals  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpusd short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.233 area.

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