GBP/USD - Retesting 2009
Updated
The GBP/USD monthly chart, clearly illustrates that price has been stuck in consolidation from the year 2009.
Recently price has been falling sharply, heading towards the 2009 lows of 1.35000 to test it. If we break this crucial level of support it means price is finally out of this range, bulls are out and the bears are in ready to drive the price lower between 1.30000 and 1.20000.
Stay tuned, I'll be posting regular analysis across all major currency pairs.
Recently price has been falling sharply, heading towards the 2009 lows of 1.35000 to test it. If we break this crucial level of support it means price is finally out of this range, bulls are out and the bears are in ready to drive the price lower between 1.30000 and 1.20000.
Stay tuned, I'll be posting regular analysis across all major currency pairs.
Note
Please be aware this is a shorting opportunity.Note
I thought it was only right to update one of my first posts here on TradingView with a monthly outlook on GBP/USD.It's amazing how this move has developed over the past 2 years.
Since price broke support at 1.35 it created an all time low for GBP/USD. Now price has returned back to resistance which is why it caught my attention.
This will provide many opportunities going forward on shorter timeframes.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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