Charlieab94
Short

GBPUSD Trading Opportunities *HIGHER TIMEFRAME ANALYSIS*

FX:GBPUSD   British Pound / U.S. Dollar
In my opinion, I believe GBPUSD will sell off from these daily levels at 1.29800. Daily is struggling to break through resistance with 3 separate tests of the price level.

There are multiple daily wick rejections here and I think Cable will now snap and sell off down to the bullish daily trendline I have drawn on the chart.

Key levels to watch:

1.28 previous support, needs to break next
1.25 previous support/resistance zone
Daily bullish trendline .

I think 1.25 could offer good buying opportunities if price reaches that level and holds.

Check out my personal blog page for more technical analysis and free trading education https://diaryofafinancekid.com/blog/
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