GBPUSD - Easy intraday or swing sell There is a sell opportunity on GU because of USD strength
Fundamentals
Look out for USD news this week. If no shocking difference than forecast I don't see why DXY won't go up.
→ Prelim GDP q/q ( Thursday 28 May )
→ Unemployment Claims ( Thursday 28 May )
→ Core PCE Price Index m/m ( Friday 29 May )
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Technicals GBPUSD
→ We rejected a major resistance zone which we touched multiple times since June 2023
→ We breached a 4H trendline
→ Daily engulfing bearish candle
Technicals DXY
→ We came into support and are heading up.
→ We do have a zone here which can act as resistance, but I expect that we will breach it.
→ We broke out of trendline and retested it and gone up.
Your trading friend,
Simba Trades