Forex GBP/USD Daily Video, May 27, 2022

[Sive Morten]

Good morning,

GBP has reached solid resistance area, that makes downside reversal and action to longer term downside targets very probable:

 

[Matthew Lloyd]

Good morning,

GBP has reached solid resistance area, that makes downside reversal and action to longer term downside targets very probable:

Hi Sive,
Is AUD/USD also at the same possible reversal point?
AB/CD has just completed OP at 3/8 resistance, 1.618 Butterfly extension almost done.
If it reverses now COP would agree with major ABCD OP at 0.6650
Thanks for all your analysis
Matt