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forexwithfred

GBP/USD - Downtrend Continuation

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
forexwithfred  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Harmonic Patterns GBPUSD gbpusdshort gbpusdidea GBP USD breakout retest priceaction
10
2
trendanalysis chartpattern harmonicpatterns gbpusd gbpusdshort gbpusdidea gbp usd breakout retest priceaction
  • Price is still showing bearish bias as both 10 & 50 EMA are above price

  • Support structure has been broken on the downside, possible retracement/pullback to occur before SELL OFF happens

  • BXY is showing bearish sentiment on the other hand DXY is showing bullish sentiment, adding confluence to my bias



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