GBPUSD might pullback to trendline and reverse from there !Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Until next time, see ya!
Yes DXY winding up its spring for a mini long. Also, GJ & GU are on their way from 4-5 on the Daily Elliott. With Covid 2.0 in the UK & their handling of Brexit. I think this is a decent short. Good setup.
FXCM
⋅
@Mayfair_Ventures, yup! the biggest risk now is DXY could weaken further
Mayfair_Ventures
⋅
@FXCM, it has some more room to the downside, but the Elliott wave daily levels are showing this as a pullback. Wich is only now moving lower than point A. So possibly due a shift. Good luck. Thanks for the analysis & have a great day.