GBPUSD – Bearish market condition

Last week we had the GBPUSD in a bullish market condition, and it reached the main LT resistance level. Now, it looks like the GBPUSD is being rejected from the main LT resistance level, triggering a bearish market condition:

As long as the GBPUSD keeps trading below 1.6151 I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Training

Tags:


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 .