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Fundamentally GBP is resuming on track for bull run and hence I expect this pair to go bearish in next month. Please find below the chart analysis,
Weekly chart:
- Exactly around 50 SMA, the sell pressure has increased and it shows that downtrend resumes but slowly
- Based on the price action, we can clearly see that this pair is trading with solid support and resistance which is hard to breakout
Daily chart:
- Double top decline suggests that breakout is not possible and bearish turn has star…
Weekly chart:
- Exactly around 50 SMA, the sell pressure has increased and it shows that downtrend resumes but slowly
- Based on the price action, we can clearly see that this pair is trading with solid support and resistance which is hard to breakout
Daily chart:
- Double top decline suggests that breakout is not possible and bearish turn has star…