After failing to form new structure highs in the mid March, GBP/USD called for a bearish Signal. Instagram @ray_heriel
In The previous week we had NFP Release which in significant did not affect the potentiality of this asset rather created a whole new opportunity for Smart Traders. GBP is expected to fall against the US dollar after this call. Since we can see formations of a wedge that was broken last week and price has reversed back to the major level of resistance. By any chance we break through this resistance our bearish predictions will be invalid but more expectations are on to retest and have a fall back to previous support 1.40090 and further more to 1.39000. This can be one hell of a trade this week that is enough to fill the basket.
So anyone reading this has a great opportunity to make money out this pair.
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