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GBPUSD Short - 1.35830

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
akilm  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Trend Lines
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trendanalysis indicator trendline
GBP USD in a downward trend from Early May 2021. The current Exchange rate is near the resistance trendline at 1.35830 which also happens to coincide with the 0.618 Fibonacci level for the recent swing. Also, The DXY has also reached the demand zone and expected to rise sharply in the coming week.
Once the price ranges near the 1.35830 levels, wait for reversal signals and enter a Short selling Position.




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