🇬🇧 GBPUSD 🇺🇸 - Strong resistance and pressure from sellers
GBPUSD may lose ground amid the weakness of the British market against the dollar. The dollar index is strengthening amid more positive news this week than analysts expected, moreover, another indicator of tight policy is the high interest rate in the US, which continues to be kept at the same level.
Reasons for a possible fall
1) Downtrend
2) Weak fundamental background for GBP
3) Growth of the dollar index in the medium term
4) No potential for resistance breakout.
High chance of a bounce or false breakout
Reasons for a possible fall
1) Downtrend
2) Weak fundamental background for GBP
3) Growth of the dollar index in the medium term
4) No potential for resistance breakout.
High chance of a bounce or false breakout
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