GBPUSD Poised for a Bearish Move
On the 4-hour chart, GBPUSD has completed an ugly variation of a Harmonic Pattern.
While the pattern itself is not ideal, it successfully prevented the price from rising above 1.3590.
The market surged unexpectedly a few days ago, following Trump’s aggressive 50% tariff proposal on Europe, but today, GBPUSD is reversing course.
Yesterday, a trade court blocked Trump’s tariffs, ruling that he overstepped his authority with broad import duties.
This decision gave a boost to the US dollar, and after a brief pause, GBPUSD may now be setting up for a bearish trend.
Targets: 1.3350 | 1.3250 | 1.3170
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
On the 4-hour chart, GBPUSD has completed an ugly variation of a Harmonic Pattern.
While the pattern itself is not ideal, it successfully prevented the price from rising above 1.3590.
The market surged unexpectedly a few days ago, following Trump’s aggressive 50% tariff proposal on Europe, but today, GBPUSD is reversing course.
Yesterday, a trade court blocked Trump’s tariffs, ruling that he overstepped his authority with broad import duties.
This decision gave a boost to the US dollar, and after a brief pause, GBPUSD may now be setting up for a bearish trend.
Targets: 1.3350 | 1.3250 | 1.3170
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
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.