Downtrend GBPUSD
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From the beginning of May until now GBPUSD has formed a downward trend.
Part of this movement I had the opportunity to participate with our previous analysis.
(tradingview.com/chart/GBPUSD/j5CxEg34-GBPUSD-Head-and-Shoulders/)
Now the price reaches the resistance zone and we expect to see a new down movement.
The key level will be 1.2231.
In case of breaking down at this level we can look for sales to 1.2079 and 1.1989.
From the beginning of May until now GBPUSD has formed a downward trend.
Part of this movement I had the opportunity to participate with our previous analysis.
(tradingview.com/chart/GBPUSD/j5CxEg34-GBPUSD-Head-and-Shoulders/)
Now the price reaches the resistance zone and we expect to see a new down movement.
The key level will be 1.2231.
In case of breaking down at this level we can look for sales to 1.2079 and 1.1989.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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