FX:GBPUSD   British Pound / U.S. Dollar
By the looks of it, this pair has been making lower highs since January 2018 on the weekly timeframe . At the moment, it’s somewhat following the trend line . With what’s going with the UK (brexit deal) and their new strain of COVID, I doubt the Sterling is going to gain an strength anytime soon. On the daily timeframe frame, I can see the price is pulling back to the trend line , which coincidently is going to complete a head & shoulder pattern. That’s where I’m going to short the pair back down to the support on the weekly.

Comments

*gain any
Reply
nicopowell94 TipTopForky
@TipTopForky, Don't forget to account for the US stimulus package news causing the dollar to lose value
+1 Reply