dlifestyletrader

GBPUSD: Major Reversal Cont'd

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD had one of the biggest weekly falls in 3 months after yet another rejection at the 2.5-years major supply zone 1.34 area.

It was forming a bearish Gartley in the daily timeframe while, at the same time, completing the 5th motive wave of a 9-month Elliott wave .

The pound is constantly under pressure due to breakdowns in Brexit talks which is most likely going to persist on throughout December.

Therefore, this week we could continue to sell GBPUSD by waiting for the pullback towards the current supply zone at 1.33 area.

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