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SharifAzadeh

GBPUSD; Lower High Warns of an Impending Reversal

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
SharifAzadeh  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD gbpusdshort cable
6
0
trendanalysis gbpusd gbpusdshort cable
After having a great run in 2017, bulls failed to make a new high in the daily chart. In the past week, UK PMI reports all disappointed. If the recent swing low @ 1.3711 is broken, we can safely assume the uptrend is over and a lengthy downward correction will commerce.

Good luck,

Ali Sharifazadeh, CFTe
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