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VasilyTrader
May 28, 2023 4:31 AM

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

GBP/USDOANDA

Description



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!❤️
Comments
VincePrince
Good chart. Likely scenario.
MonoCoinSignal
Skilled interpretation.
VasilyTrader
Are you bearish on GBPUSD?
StewySongs
Very good.
JoeChampion
I agree on USD strength, thanks mate!
TradingShot
We have similar bias, let's see how it plays out.
TradingBrokersView
Solid post, detailed and well written. We have cross-checked this instrument against all key indicators and more or less reach the same conclusion.
TheCryptagon
So far so good. Keep up the good work.
InvestingScope
Very good analysis, thank you.
FirstNameHelen
Nice british pound idea dear friend
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