Bearish possibilities with GBP/USD

12 thg 3, 2022

In the picture above, we see price previously broke out an ascending channel to start a bearish trend making lower highs and lower lows. Currently we see price moving accordingly in the downward direction. If GBP/USD continues lower I expect price to reach 1.20000. However, my bias will change only when price breaks above the pivotal zone I have drawn.