Hello and welcome to my Trade Idea of the currency pair GBP/USD.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we can see that the price is in a beautiful downtrend.
Weekly: On weekly we see that, the price is at the monthly support. Which can lead to a strong bullish movement. I expect that the price bounce off from the H4 resistance and fall down after that.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we can see that the price is in a beautiful downtrend.
Weekly: On weekly we see that, the price is at the monthly support. Which can lead to a strong bullish movement. I expect that the price bounce off from the H4 resistance and fall down after that.
Have a nice day.