Gbpusdforecast
DeGRAM | GBPUSD bearish opportunityGBPUSD is approaching a resistance level that has been tested multiple times before.
Price action is moving in the channel.
We expect some pullback from that level since the market has made lower highs and lower lows.
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GBPUSD Sell IdeaFundamentals:
GBP: First CB to officially forecast a recession (4Q22)
USD: Fed members still pushing in hawkish narrative
Technical:
- Currently at a decision point @ 1.22
- Overall downtrend
- Double top forming on key level 1.22
What do you think?
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GBPUSD, GBPCAD and GBPCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.