As shown on the chart, the GBPUSD has reached the top of the daily descending channel. We expect bearish signals from here, possibly triggering further downwards momentum. the ongoing pessimism about post brexit Britain might continue this selloff to even lower prices.
Simple trend based Idea yet effective.
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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.