kartier

Bearish possibilities with GBP/USD

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
On the chart we see that price has been ascending in a corrective manner for a couple of weeks and has recently tested a significant resistance zone. Price hasn't yet shown me my entry signals, however, judging by my analysis on the DXY price could be dropping. Note GBP/USD has tendencies of Stoploss hunting, be careful and always use a Stoploss. you wont win them all.
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