GBPUSD: DOWN
GBPUSD:
Monthly trend is down.
Monthly trend is at monthly horizontal and trend line resistance of 1.35056
Weekly timeframe shows a rejection of the monthly resistance and 3 strong bearish candles.
Daily timeframe we see a HH then a lower high shooting star with high previous to HH having strong bearish candles. Potential head and shoulder pattern.
Long term trend is down. for monthly weekly and daily TF.
Wait for a break & close below daily resistance line.
Monthly trend is down.
Monthly trend is at monthly horizontal and trend line resistance of 1.35056
Weekly timeframe shows a rejection of the monthly resistance and 3 strong bearish candles.
Daily timeframe we see a HH then a lower high shooting star with high previous to HH having strong bearish candles. Potential head and shoulder pattern.
Long term trend is down. for monthly weekly and daily TF.
Wait for a break & close below daily resistance line.
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