Get started
swissmoneymakers

GBPUSD - Potential Downtrend?

British Pound / U.S. Dollar (FX:GBPUSD)  
swissmoneymakers  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns breakouttrading SELL ranging weakness
2
0
trendanalysis chartpattern breakouttrading sell ranging weakness
The resistance at 1.26681 becomes weaker and weaker.
Maybe the market is making a new trendline? (blue lined)
It gets support of the 200 MA too!
Still we wait and we are neutral.

Will it brake 1.22681? Leave a comment!


Best wishes!
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.