Outlook for GBPUSD: Limited upside before reversal

11 thg 6, 2021

Hi everyone, GBPUSD is testing a key resistance on the H4 time frame, where we saw a reversal here. Overall direction on the GBPUSD is bearish and we are expecting further downside below its resistance at 1.41800. On the M15, we could see a limited push up to test its resistance area again at 1.41783 in line with the 78.6% retracement before the drop. What are your thoughts on GBPUSD?