Level To Watch: #GBPUSD Bearish Pennant breaking on confluences
Multiple confluences showing possible drop of pound against U.S dollar :
- Price currently on Resistance that match with Round Number 1.55 and Last swing Fibonacci 0.236
- Bear Pennant in a down trend, waiting to be broken
Waiting for reversal PA to trigger a SHORT
Currency Strenght Cross-analyze : GBP meets resistances on most of the other pairs, it confirms my scenario for a drop of GBP
Cheers,
Mistertrader
- Price currently on Resistance that match with Round Number 1.55 and Last swing Fibonacci 0.236
- Bear Pennant in a down trend, waiting to be broken
Waiting for reversal PA to trigger a SHORT
Currency Strenght Cross-analyze : GBP meets resistances on most of the other pairs, it confirms my scenario for a drop of GBP
Cheers,
Mistertrader
