GBPUSD – Bearish market condition

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

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

GBPUSD Analysis

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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