GBPUSD Poised for a Bearish Move

5月29日

GBPUSD Poised for a Bearish Move

On the 4-hour chart, GBPUSD has completed an ugly variation of a Harmonic Pattern.
While the pattern itself is not ideal, it successfully prevented the price from rising above 1.3590.

The market surged unexpectedly a few days ago, following Trump’s aggressive 50% tariff proposal on Europe, but today, GBPUSD is reversing course.

Yesterday, a trade court blocked Trump’s tariffs, ruling that he overstepped his authority with broad import duties.

This decision gave a boost to the US dollar, and after a brief pause, GBPUSD may now be setting up for a bearish trend.

Targets: 1.3350 | 1.3250 | 1.3170

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

5月30日

交易進行