GBPUSD: Bearish Outlook Explained 🇬🇧🇺🇸

Short

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

OANDA:GBPUSD British Pound / U.S. Dollar

Trend Lines Candlestick Analysis Wave Analysis GBPUSD DJ FXCM Index USD dollar pound GBP forecast gbpusdsignals gbpusdsignal

trendline candlestick waveanalysis gbpusd usdollar usd dollar pound gbp forecast gbpusdsignals gbpusdsignal

snapshot

GBPUSD is trading in a strong bearish trend.

After the price set a new lower low on a daily, the price retraced to a falling trend line.
Testing that, the pair formed a bearish engulfing candle, confirming a strong bearish
reaction.

I believe that the market may easily retest the local lows now.
Goal - 1.214

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