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GBPUSD Market Outlook-13 Aug 2018

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GBPUSD Market Outlook-13 Aug 2018

In addition to Trade war problem, GBPUSD have its own concern on the Brexit Deal. In term of technical view, the bearish movement in GBPUSD had gained bit more of momentum crossing the deceleration channel (from Elliott Wave Trend.). I have printed the deceleration channel from Elliott Wave Trend from its potential ABC correction phase. If GBPUSD can cross over the deceleration channel, then there is a chance to have short term bullish move. Remember the bullish move might be short term only. Otherwise, the bearish move will be likely to continue. Watch out the deceleration line I have marked on the screenshot from Elliott wave trend.

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