GBPUSD sell idea using Linear Regression Channel and Pivot Point

The GBPUSD is currently in a downward trend and looks like it may go bearish in the near future. In this analysis we are using the Linear Regression Channel and the Pivot Points, as well as the Stochastic RSI and the ADX indicator. Traders should keep an eye on this currency pair and be prepared to take action accordingly.

Our profit target is 1.183, more than 400 Pips down from the current price.