Analysis
Please see above our full breakdown off the GBP index.
We are anticipating some GBP weakness and will be looking for shorting opportunities throughout the GBP pairs.
Set up remains valid as long as previous support now turns resistance and we will be awaiting further confirmation on the break of the 4hr ascending trend line.
As always, I’d love to hear your thoughts and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist
Please see above our full breakdown off the GBP index.
We are anticipating some GBP weakness and will be looking for shorting opportunities throughout the GBP pairs.
Set up remains valid as long as previous support now turns resistance and we will be awaiting further confirmation on the break of the 4hr ascending trend line.
As always, I’d love to hear your thoughts and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist