We have here short on the GBPUSD for a pending order as price has yet to return to the 61.8 fib line and retest the neckline of the Double TOP. As elections in the USA, and Fed Rate cuts should send the Stock market soaring we can expect the dollar to drop in the mean time leading way for the GBP to rise. Once the elections have settled the bulls will look to regain ground as they have obtained great stock profits and will need to dump in order to get a better "rate" on additional stocks.
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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.