GBPUSD-Weekly Market Analysis-Dec18,Wk2

GBPUSD shows a persistent downtrend, however, it is well supported at the Blue Line, breaking below and closing below the blue line may hint a further downward movement.

Within the Red Box is the sell zone and within the Green Box shows a sideway bounce movement.

It will be a good consideration for counter-trend trader to see if their trade plan fits into the situation, if the blue line is not broken.

When market open, it will not surprise me if there's an gap in this pair.

In just the month of Oct, we shared a total of 2,333pips of net profit.

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