GBP/USD is Making a Bearish Break

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GBP/USD is bearish. We can clearly see the trend line pointing lower and a series of lower highs.

The 1.3640 zone is bearish for GBP/USD. The price is struggling to go higher but we have the BOE MPC report with an interest rate decision coming soon. Watch for the market price. Technically it’s bearish so even after a rally, the expected move is to the downside. Targets are 1.3602 followed by 1.3650 and 1.3520.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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