GBPUSD: Bearish Outlook For Next Week Explained 🇬🇧🇺🇸

Short

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

Elliott Wave Candlestick Analysis Supply and Demand GBPUSD DJ FXCM Index USD dollar Forex trading pound trader forecast

elliottwaves candlestick supplyanddemand gbpusd usdollar usd dollar forex trading pound trader forecast

snapshot

The month of May turned out to be quite bearish for GBPUSD:
the pair keeps breaking multiple supports.

An important demand zone was broken last week.
1.2345 - 1.2408 are turned into a strong resistance now.

I willl expect a bearish reaction from that at least to 1.2285.

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.