Menu

GBP/USD: Serious downward trend is Imminent

GBP/USD: Serious downward trend is Imminent

Share This!

Although GBP/USD is currently holding onto its upward trend in the medium term, a heavy downward trend is also possible as the pair faces bearish threats.

The upward trend is likely to continue if the pair breaks and holds above the 1.7176/88 level.

If this fails, support lies within the 1.7058/60 and a break will aim at 1.7000 followed by 1.6921/22 levels.

But a break of the former will turn attention to the 1.6850 level.

On the upside, resistance resides at the 1.7180 level where a break will aim at 1.7200 and possibly higher up to 1.7300.

In general, GBP continues to retain its medium term upside bias but faces corrective weakness threats.

👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you!   With the ETBOT software, only YOU are in control of your investment funds. The software connects using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started.                              PS:  ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.

ETBot

gbpusd technical analysis

Sequel to this, AutochartistTM has predicted (following their analysis) that within a period of 10 days, GBP/USD is likely going to test the 1.6738 level.

This analysis is meant for long/medium term traders. Goodluck in your trading career.

 

If You'd Like to Get Notified When This Blog is Updated, Subscribe Below...

Leave a Reply

Your email address will not be published. Required fields are marked *

IQ Mining




Binary Option Scams, Warnings, Reviews & Updates...

WorldMarkets

Popular Articles

Follow Us

Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons