InvestMate|GBP/USD As I Said💷💵

💷💵GBP/USD As I Said

💷💵The scenario I wrote about recently has started to materialise:

💷💵The direction and support and resistance zones remain unchanged.

💷💵Given the momentum that started after the Fed raised interest rates by 50 basis points.

💷💵A continuation of the price decline looks very likely.

💷💵We have already broken through the 50-period moving average and are slowly breaking out of the uptrend channel.

💷💵Looking at the MACD and RSI, I have no doubts about the strength and validity of the movement I expect.

💷💵It may take some time for us to reach the support zone, but knowing that the declines continue much faster than the uptrends, everything may be over within the next weeks.

💷💵The scenario remains unchanged. I still expect the declines to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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