FX.co ★ dusty24 | GBP/USD

On the GBPUSD daily timeframe, we are currently in a week of correction within a downtrend. From a technical standpoint, I see a potential reversal to the downside here, especially considering the current strength of the US dollar fundamentally. The area around the 38% Fibonacci level and the trendline zone seem suitable for this move. We are close to seeing a reversal candlestick pattern forming.