GBPUSD Strong downtrend ahead. First stop the 1W MA200.

Wait 5 sec.

GBPUSD Strong downtrend ahead. First stop the 1W MA200.BRITISH POUND VS US DOLLARTRADENATION:GBPUSDTradingShotThe GBPUSD pair appears to have made a Cycle Top 3 months ago and the recent rebound is technically a short-term Bullish Leg within a Channel Down pattern that typically follows such Cycle Tops in the past 8 years. With the 1W MA50 (blue trend-line) already broken, we expect the market to first test the 1W MA200 (orange trend-line) and then Support Zone 1 at least at 1.21000. --- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡