GBP/USD
broke below the previous low at 1.5164 and although currently the pair briefly
returned above that level I grow more and more convinced that we can expect a
further move to the downside. As you can see from the screenshot above, should
this break be confirmed we can expect the pair to fall much lower than that
level. I would even say that the pair might actually fall all the way down to
1.4550 although obviously that is unlikely to happen over the course of a few
days.
Large weekly bearish candle showing signs of weakness in the GBP.
ReplyDeleteGood bearish sign but still price is facing strong support level.
ReplyDeleteThe pair pulled back to around 1.52 level, recovered some loss.
ReplyDelete