GBPUSD: Opportunity for drop

GBPUSD, Daily

GBPUSD broke through the lower trend line of the symmetrical triangle, and MA50 fell below MA100, indicating bearish sentiment. TRIX fell below 0, which also signals a continuation of the decline.

We are considering selling GBPUSD if it falls below 1.3330, which will open the way to 1.3260 and further to 1.3200.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Egor Schmidt

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