GBPUSD Forex 1st analysis

in #trading6 years ago

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hey traders and Steemians,
On GBPUSD, we have a nice completed Cypher Pattern, which normally indicates a reversal! Yesterday we had our resistance broken. So as expected we will be retesting that higher resistance near X on the left part of the chart! Also with the structure and overbought RSI, it is a safe bet right now that this will eventually be a strong short trade! I dont see the USD getting any stronger than it has been this past month with the trade war going on with China.
As always stop goes above X!
Good luck!

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