GBP/USD 240hr
Updated
Hello Traders. I think technically we still have a continuation of the bearish momentum after the violation of structure that occurred last week.
we came up to retest the broken support now turned resistance and we might have a downside push these coming hours or days.
Fundamentally, we have a strong Pound as we just received positive GDP numbers(MoM) however, as we have it paired with the currently strong US Dollar, we might have a continuation of the bearish move.
Please Like and comment.
we came up to retest the broken support now turned resistance and we might have a downside push these coming hours or days.
Fundamentally, we have a strong Pound as we just received positive GDP numbers(MoM) however, as we have it paired with the currently strong US Dollar, we might have a continuation of the bearish move.
Please Like and comment.
Note
The positive GDP and Boris Johnson's cabinet reshuffle gave the pound the strong up move and changed the short term biasness.Trade closed: stop reached
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