GBPUSD SHORT
We remain strongly bearish on GBP/USD, and the pair is expected to continue its downward movement next week. USD news is likely to come in relatively strong, putting additional pressure on GBP/USD. Moreover, economic uncertainty in the UK, combined with the global geopolitical situation, is making GBP/USD even weaker. Last week, I highlighted that GBP/USD was heading lower while many anticipated an upward move. I see the same pattern unfolding this week. Stop trying to catch a reversal—stick to the trend and align with the fundamentals.
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