GBP/USD DOWNSIDE BECKONS

Somrat4030

Member
GBP/USD is continuing to struggle to climb above the support line of a downward-sloping channel on the daily chart that has been in place since April 16 and that support line now increasingly looking like resistance, suggesting that once the current period of consolidation is over, GBP/USD will fall further.

This failure to rally has come against some optimism that the Omicron variant of Covid-19 will fail to cause as much damage as once feared.
 

Kingstone

Active member
I traded the currency pair yesterday. I predicted the market will fall also and I used a big lot size only for me to acquire losses. I was so surprised. I had to close the trade but I do not know if it actually sold or not. I was glad I recover with GBP/AUD AND GBP/CAD. These two pairs gave me a small profit to end the day. Probably I will take a look at it again today.
 
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