FX:GBPUSD   British Pound / U.S. Dollar
47 views
1
GBPUSD has smashed through a major monthly support level of 1.39400 and is showing an extremely bearish sentiment, setting lower lows. The weekly, daily and H4 are all inline with the bearish bias, setting lower lows along a descending trendline; however the H1 chart has bottomed out and started making higher lows along an ascending trendline. I believe this will be short-lived however, and I'm still looking to only short this pair.

I'm anticipating a break of the ascending trendline on H1, a retest and then a trend continuation to the downside.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out