GBP/USD has broken under the 50 EMA on the 8H chart and is currently in a strong bearish momentum as the 1H chart confirms weakness.
We can expect GBP/USD to fall further below eventually.
Give it 1-2 more hours for the confirmation of the move.
Trade safe.
We can expect GBP/USD to fall further below eventually.
Give it 1-2 more hours for the confirmation of the move.
Trade safe.
Note
Somg GBP news out of nowhere regarding U.K. to compromise on the Irish border to get a brexitdeal caused a sudden spike.We can wait for the pair to stabilize itself and short it if the bearish trend is still active. I expect the next shorting opportunity to happen within the next 8 to 24 hours..
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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.