The GBPUSD pair has been trading within a giant Bullish Megaphone pattern for the past 3 years. This week will most likely be the first to close green after three straight bearish 1W candles. It is likely however to be the last one as having broken below its 1W MA50 (blue trend-line) in November 2025, the pair has confirmed the start of a new Bear Cycle.
So far, that is similar to the 2019 - 2021 Bullish Megaphone, which after making a 1W MA100/ 200 Bearish Cross and breaking below its 1W MA50, it confirmed a massive Bear Cycle that first hit its bottom on the 0.836 Fibonacci level and then broke the pattern to the downside making a new market Low.
As a result, we expect this week's bullish sentiment to reverse on the Lower Highs Resistance (2021 also displayed one) and towards the end of 2026 test the 0.836 Fib at 1.2400. Notice also the striking similarities among the 1W RSI sequences of those two fractals.
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So far, that is similar to the 2019 - 2021 Bullish Megaphone, which after making a 1W MA100/ 200 Bearish Cross and breaking below its 1W MA50, it confirmed a massive Bear Cycle that first hit its bottom on the 0.836 Fibonacci level and then broke the pattern to the downside making a new market Low.
As a result, we expect this week's bullish sentiment to reverse on the Lower Highs Resistance (2021 also displayed one) and towards the end of 2026 test the 0.836 Fib at 1.2400. Notice also the striking similarities among the 1W RSI sequences of those two fractals.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.