TradingAxis

GBPUSD > Breakout to The Downside Might Be Coming!!

Short
FX:GBPUSD   British Pound / U.S. Dollar
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Analysis on #GBPUSD

so my thesis is a strong dollar with weak confidence,

Looking at the GBPUSD chart I see the market has not been able to rally from here and spending much time near the support trendline which from my experience traders are dumping their positions here and not willing to buy the market up, but instead may be selling at support.

I will for a break of this lasting consolidation zone might be coming to an end, we might see a breakout soon then we can look o short this market and position ourselves for a strong dollar

Check today analysis below⠀

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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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Comments

Sorry I mean 1.4145
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I expect GBPUSD to go up first to 1.4045.
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nice I agree with the bearish move also, looking for further downside thx
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I have the same viev on GBPUSD
Well done
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As per my analysis, 1.398 is the next TP.
So I do agree.
Good job
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Thanks !
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Good idea, agree!
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agree and thanks for sharing
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good analysis, I expect the GBP/USD to go down. The first target is around 1.40 and second one around 1.38
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