GBP/USD likely to fall!Hey tradomaniacs,
looks like GBP/USD could soon break out the current contraction and move towards the key-support-zone and D-Trendline in order to re-test.
Current situation looks bullish for the USD imo as market got dissapointed by previous FED-Statements and will most likely price in affects of the recent and upcoming rate-hikes which will slow down the economy.
However, technically a good spot to short when breakout occurs as we can expect more momentum to the downside.
What do you think?
