Weekly reviews

Weekly GBPUSD market technical outlook

GBPUSD
Weekly chart:
The major reached the very strong resistance area 1.3269-1.3339, where we can expect a launch of new wave of the quotes’ decline towards the middle Bollinger band (1.2908), that is signified by the absence of ADX trending potential.

Expectations:

So, we expect start of decline from the 1.3269-1.3339 zone towards 1.2908.

Trading recommendations:

Shorts from the 1.3269-1.3339 zone towards 1.2908.

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