GBP/USD:NEW BEARISH IMPULSE|DOWNTREND|PRICE ACTION SHORT ⚡️
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As analyzed in the previous Ideas, the Pound is located within a bearish channel where today after the last upward sessions it finds a strong resistance on the 200 simple averages, on the POC of volumes and near the 61.8 fibo level. Further dynamic resistance is given by the trendline of the Bearish channel. The price seems ready to finally fall and continue its bearish path. Stochastic in Overbought is a further clue.
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As analyzed in the previous Ideas, the Pound is located within a bearish channel where today after the last upward sessions it finds a strong resistance on the 200 simple averages, on the POC of volumes and near the 61.8 fibo level. Further dynamic resistance is given by the trendline of the Bearish channel. The price seems ready to finally fall and continue its bearish path. Stochastic in Overbought is a further clue.
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
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