๐ท๐ตGBP/USD Undermining The Uptrend Channel
๐ท๐ตAs I wrote in my last post GBP/USD behaved exactly as I predicted:
๐ท๐ตWe broke out the bottom of the long-term uptrend channel.
๐ท๐ตThe downtrend scenario remains unchanged at this point, I still expect a continuation of the local downtrend in the coming weeks.
๐ท๐ตThe support and resistance zone remains unchanged.
๐ท๐ตGiven that we have pierced the 50-period moving average and the MACD and RSI are generating downward signals as to the declines I have no doubts at the moment.
๐ท๐ตThe scenario I'm playing out is a continuation of declines to levels around the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
๐ท๐ตAs I wrote in my last post GBP/USD behaved exactly as I predicted:
๐ท๐ตWe broke out the bottom of the long-term uptrend channel.
๐ท๐ตThe downtrend scenario remains unchanged at this point, I still expect a continuation of the local downtrend in the coming weeks.
๐ท๐ตThe support and resistance zone remains unchanged.
๐ท๐ตGiven that we have pierced the 50-period moving average and the MACD and RSI are generating downward signals as to the declines I have no doubts at the moment.
๐ท๐ตThe scenario I'm playing out is a continuation of declines to levels around the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ