GBPUSD short idea

[ishanagarwal]

GBPUSD SHORT Opportunity

Hello FX traders, here's a chance to Sell the GBPUSD pair.
Despite the BIG rise recently, the price behavior showed some weakness since the beginning of this year, as it started to show lower highs and lower lows.

What reinforces the expectations of the decline are the fluctuating conditions in the United Kingdom, which will be reflected sooner or later in the pound sterling price against the rest of the currencies.
In this analysis, I rely on the trend line drawn above the price, in addition to the price being the May 2022 peak (1.26500).

The opportunity will be active when the price hits 1.2650
TP1: 1.2470
TP2: 1.2280
SL: 1.2730
Goodluck.