GBPUSD

Currently, the currency pair is on the trend line where there is quite a strong resistance at the same time. Thanks to this, it has two factors that can confirm a possible direction in line with the downward move, which has been going on for almost 4 months. Remember, however, that a downward flag formation has been set, which in the upward trend that we had before may herald further growth with a huge range. However, at the moment we are adjusting to the situation in the H1 interval and taking the risk of short positions. The places shown in the image are the possible correction range which is at the fibo 50 level.