this is a weekly. I am not trading today because of NFP, but we touched 1,52, that looks like last support before opening the way to a more severs bearish move.
The GBPUSD, just like the EURUSD may just keep dropping, the only difference is that in the UK the upcoming elections may affect the direction of the Pound.
Any negative news from Europe will also hurt GBP as 60% of UK exports go to the European union so it’s in uk’s interest to keep pound low,
That’s my macro view anyways and we could see 1.40 by end of this year
Let me know what you think
we need base on the trend. we do not imagine the trend. we will pay for it by our money. we need get signal on chart and news. we will have better signal. i refer the analysis of my broker report- liteforex. after that i review this analysis and open or not open order
GBPUSD have entered the blue rectangle area I marked in post #5 of this thread. We are now close to an important sell off in the pound over the coming weeks.