The GBP/USD pair formed a nice double top around 1 month ago starting a down trend. If the bearish flat pattern meets all criteria for a sell it would also sit nicely with the 0.618 fib level from the top of the double top and a key support resistance level at around 1.2415. This week has got a lot of USD fundamental news finishing the week with NFP's so hopewell will have some nice volatility. I know the majority of traders will be trading GBP long so this is against most peoples views, please give any comments/feedback - thanks
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.