GBPUSD: Poised for more decline next week

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GBPUSD: Poised for more decline next week

GBPUSD completed another bearish pattern on Friday and fell again.

In my personal opinion, it is a bit unclear all this bearish momentum in many GBP pairs, however, GBPUSD remains well positioned for further declines.

Over the coming week, the focus should be on inflation data from the UK and the US. Perhaps this could be enough of a catalyst and support the downward movement in the same way that the pattern indicates.


You may find more details in the chart!
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