GBPUSD Short&Long Bias
GBPUSD is showing broken channel. What should we expect ? Our first scenario is move to the downside. It nicely fits with EURUSD analysis. BUT our second scenario is bullish. Why ? Due to fundamentals (US is printing more money which leads to inflation and this leads to GBP strengthening) and possible support rejection we could expect upside move as well. If it become reality we’ll see Double Bottom pattern.
I am short this week. What will happen next I will cover the next week.
I am short this week. What will happen next I will cover the next week.
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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.