GBPUSD: Mega Trend Collapse!

The GBP/USD has been on a TEAR since the summer of 2013. It’s covered over 2,000 pips in that time!

And in trading, just like in gravity, what goes up must come down, right?

Well, no, actually… But in this case, I believe it will 🙂

The GBP/USD has just made a critical break. Let’s take a look at it:

 

 

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  • JohnToo

    This is a very good analysis. The facts were stated clearly and the technical analysis was flawless. My cyclic analysis supports the topping premise. Today’s (5/30) potential Morning Star formation could set up a nice short entry. JR.