GBPUSD has created a wonderful sell opportunity after rallying to multi-year highs.
A cross pair analyses of GBP shows that GBP is now showing bearish signs across many other currencies and is highly likely to reverse to the downside for a retrace.
Main target is the strong 1.40 level which happens to align with the 4 hour 200 EMA (Exponential Moving Average).
A cross pair analyses of GBP shows that GBP is now showing bearish signs across many other currencies and is highly likely to reverse to the downside for a retrace.
Main target is the strong 1.40 level which happens to align with the 4 hour 200 EMA (Exponential Moving Average).