Last week the GbpUsd was virtually absent any strength and as a result we continue to look for further declines and a continuation of the current near term downtrend. A Bear Flag set up with price re-testing broken support at 1.31550 as resistance will provide a great place to look for shorting opportunities next week down towards the target highlighted at 1.29426.
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.