USD GBP Short Techanical Analysis
The monthly chart is still in a down Fibonacci ABCD swing with the D extension at 0.9238 suggesting that POUND will weaken substanstially to the Greenback over time. The Weekly Fibs are also in a Down ABCD swing. The Daily counter trend line has been broken to the downside and confirmed. I am turning to the lower time frames and looking for selling opportunities.
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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.