Bearish possibilities with GBP/USD

11 בנוב׳ 2022

On the chart we see that price has been ascending in a corrective manner for a couple of weeks and has recently tested a significant resistance zone. Price hasn't yet shown me my entry signals, however, judging by my analysis on the DXY price could be dropping. Note GBP/USD has tendencies of Stoploss hunting, be careful and always use a Stoploss. you wont win them all.