Will the GBPUSD follow the Euro?

Written by Raul Lopez on . Posted in Trades & Analysis.

The GBPUSD is currently trading in a bearish market condition (just broke through the short term support level triggering a bearish market condition):

GBPUSD
GBPUSD

I guess the answer is YES, it looks like the GBPUSD will follow the Euro, and it will trade short until it hits the next LT support level.
As long as the GBPUSD trades below 1.4861, I will be looking for short opportunities.

Trade Safe!

Raul Lopez
http://www.straighforex.com/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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