GBPUSD falls, but not across the board...
GBP is falling but not across the board. This is due to China strength andUS dollar strength in their respective currencies.
Although only GBPUSD and GBPCNY has falling by themselves, the GBP index is testing the backside of a broken trendline:
So, there is a probe for resistance.
The GBPUSD fell right into the area where I take shorts and has penetrated the counter trendline.
It will pause here at 61.8% or contune down next week:
I do my update over the weekend...so, I am taking a break after this.
Although only GBPUSD and GBPCNY has falling by themselves, the GBP index is testing the backside of a broken trendline:
The GBPUSD fell right into the area where I take shorts and has penetrated the counter trendline.
It will pause here at 61.8% or contune down next week:
I do my update over the weekend...so, I am taking a break after this.
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.