GBPUSD has been showing a downward trend on the daily.
Currently a pullback provides opportunity for a swing back in the direction of the trend (Short opportunity). See reasons below:
1) Overall Downtrend
2) Price has reacted back towards a downtrend from a previous resistance level
3) Price action shows a good chance for a further downward swing towards next key level of support at 1.18145
Happy Hunting!
Currently a pullback provides opportunity for a swing back in the direction of the trend (Short opportunity). See reasons below:
1) Overall Downtrend
2) Price has reacted back towards a downtrend from a previous resistance level
3) Price action shows a good chance for a further downward swing towards next key level of support at 1.18145
Happy Hunting!