GBPUSD; Lower High Warns of an Impending Reversal

6 באפר׳ 2018

After having a great run in 2017, bulls failed to make a new high in the daily chart. In the past week, UK PMI reports all disappointed. If the recent swing low @ 1.3711 is broken, we can safely assume the uptrend is over and a lengthy downward correction will commerce.

Good luck,

Ali Sharifazadeh, CFTe