After confirming 1.36 as very strong resistance, GbpUsd has continued its downtrend and has broken also under 1.3430 support.
Now the pair is trading exactly in this support (now should act as resistance) and the recent rise is also a flag pattern.
I expect a continuation to the downside for this pair and 1.3 could be bear's target
Only GbpUsd back above 1.36 would negate this bearish scenario
Now the pair is trading exactly in this support (now should act as resistance) and the recent rise is also a flag pattern.
I expect a continuation to the downside for this pair and 1.3 could be bear's target
Only GbpUsd back above 1.36 would negate this bearish scenario
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