GBPUSD On The Edge 📉 Will DXY Push It Over? 👀 | Forex Technical Analysis

GBPUSD Confirms Top but Future Direction Hinges on DXY 103.50
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_________________ CHAPTERS _________________

0:00 Want Justin to Mentor You?
1:07 GBPUSD analysis
3:34 DXY Analysis
6:25 DXY Bullish Invalidation
7:33 GBPUSD Forecast Summary
8:17 Fibonacci Levels Point to GBPUSD 1.1840

_______________ GBPUSD Forecast _______________

Today I’m going to show you exactly how I’m trading the GBPUSD.

I’ll share a confirmed fakeout from the pound that could send the market much lower later this year.

GBPUSD sold off aggressively on Wednesday, confirming a fakeout I’ve discussed for weeks.

The recent move above 1.2740 was a significant moment for the pound.

It’s an area of confluence that dates back to 2020, and the August 2022 trend line.
However, Wednesday’s rally stopped shy of removing the 1.2630 support area.
So, for now, that’s key support for GBPUSD on a daily closing basis.
A sustained break below that opens up my first target at 1.2550.

Get the full GBPUSD technical analysis here:

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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