Good evening Traders, this is my third analysis publication on this pair and wanted to give an update on it. As you can see, we had a good entry and it worked out perfectly, and i want to add that market broke downwards past the support line which is now resistance, and i'm believing it will re-test that area before continue its downward movement towards the last support.
In General, GBPUSD is a downward trending market meaning I’ll be looking to short this Pair to next support zone considering the rejections at the resistance zone. If this analysis is in accordance with yours please don’t forget to give a thumbs up.
We can see the market is trending downwards after rejecting so many times at resistance, however I will be looking to short the Pair towards the next Support Zone. If this analysis goes in accordance with yours, please don’t forget to give it a thumbs up :)