Monthly reviews

GBPUSD market technical outlook


Analysis method - “Gann Swings + Price Action”

September 1, 2018

Monthly chart: Forming of the downswing goes with small amplitude, that may produce expectation of correction. However, there were no direct signals for stopping or reversal so far, therefore, it’s rather to wait for renewal of the lows (in direction of the 1.26 and 1.25 levels)

Conclusions: Continuation of decline in direction 1.26 and 1.25.

Trading recommendations: Shorts in direction 1.26 and 1.25.