Hello Traders 👋
What are your views about GBPUSD
Looking at a daily time frame we can see that press action has broken a rising trend line and also we are seeing a potential head and shoulder pattern.
For further clarification we need to see if the price action can break a demand zone which is indicator with a red rectangle.
This will give us a strong conviction that the dollar is already buying and GBPUSD is set for further downside.
What are your views about GBPUSD
Looking at a daily time frame we can see that press action has broken a rising trend line and also we are seeing a potential head and shoulder pattern.
For further clarification we need to see if the price action can break a demand zone which is indicator with a red rectangle.
This will give us a strong conviction that the dollar is already buying and GBPUSD is set for further downside.
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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.