GBPUSD – Very clear bearish market condition

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

The GBPUSD is trading in a very clear bearish condition, it broke through an important LT support level and it is likely to continue its way down until it reaches the next LT support level:

As long as the GBPUSD keeps trading below 1.6353 I’ll keep looking for short opportunities.

The next LT support level is at 1.5984

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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