MeaslyBean

GBPUSD: bulls losing power

Short
FX:GBPUSD   Livre sterling / Dollar américain
GU has been struggling to make higher highs and has been clinging to the weekly trendline making frequent touches as it has approached our resistance level. This all signals a weakening bullish trend and I suspect that GU will be breaking the weekly trendline some time next week. If it does, we can look at the identified support level below as a possible target.
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