TimeWaveTrading

GBPUSD Trend Analysis update

FX:GBPUSD   Pound Inggris / Dollar AS
GBPUSD is also likely to decline after expanding for another week. The reason is that the lows are making weekly support key levels. In that case, it is a decline due to monthly resistance, so a bearish trend will form at least until the end of November or the end of the year. I expect a deep decline in the mid- to long-term because the GBPUSD must break weekly resistance and rise above that resistance in order to get on the bullish trend.
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