Vladimir Ribakov analyzes GBP/USD and sees bearish pressure from a completed divergence. He points to a falling resistance line and supply zones ahead, and says to sell any rallies or false breakouts above recent highs.
talk about the pound-dollar, uh, next one. Last week we discussed about, as you remember, and if you don't remember, no worries, you can find the video in this channel and see the exact plan as we discussed it. What we expected in one of our scenarios was to push to the downside, another rally towards these levels where from I expect to see the sell. After this bearish divergence completes, so the pound dollar follows this path exactly. What's gonna happen next? So I believe as long as these levels hold, the pound dollar is indeed under the bearish pressure. But also important to pay attention to these falling resistance line and several of the supply levels we have on the horizon. So even if the pound attempts to make another final run, I think it's nothing more than the just sell opportunity. So I would be looking, uh, to sell the pound-dollar either in this, uh, format, or even if it tries to make another run and clean some of the recent highs, like false breakout above them, watch out for these divergences because for that pound-dollar should be following a sell as well.
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