GBPUSD SHORT (LONG TERM BUY)

As you can see in my daily analysis, price has closed beyond my 2 baselines and
I will be expecting price to shift bearish this upcoming week.

We can also possibly see a head and shoulder formation where it meet its monthly resistance.

I will sell the retest of the previous structure before it continues back down.

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RVI values also seem to be lower on the daily charts suggesting a shift in bearish momentum around the zero line.

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OVERALL this pair seems to be bullish according to weekly and monthly charts posted below
RVI values are also bullish on the weekly and monthly

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Chart PatternsTechnical IndicatorsTrend Analysis

Declinazione di responsabilità