GbpUsd: Looking For Some Downside Action

Short

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

Trend Analysis Chart Patterns

trendanalysis chartpattern

Comments on thee chart

Comment:

Price fell hard today after UK inflation figures hinted that interest rate rises might not be on the cards soon. I don't think the downside is done.

Comment:

Price rose off the lows today. With the $ weakness today there could be more upside tomorrow

Comment:

Price is breaking down and there could be more downside tomorrow

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.