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TheWallPipsJournal

GBPUSD-Will The Break of Trendline make the GBP finally prevail?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
TheWallPipsJournal Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Trend Lines GBPUSD gbpusdlong gbpusdsignal gbpusdanalysis Forex forexsignals forextrading forextrader forextrade
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trendanalysis trendline gbpusd gbpusdlong gbpusdsignal gbpusdanalysis forex forexsignals forextrading forextrader forextrade
Hi,

Based on the 4H Chart, there is a downtrend line in the midst of breaking. If there is a break, the chance of GBPUSD of going is high.

Regardless of the cause of effect, USD has been weakening since the report of inflation this week. Lets wait and see whether the move continues.

Happy Trading!
Trade closed: target reached
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