GBPUSD at the moment is facing a strong descending channel; a negative period powered also by the discover of the new COVID 19 variant found in South Africa.
This key point (1.3210) might be the begging of a corrective phase of the bearish channel. A good sign of strength can be given by the break of the bearish trend line and the formation of new higher lows and higher highs. In this case buyers could push the price back at 1.35800 before continuing its down phase.
This key point (1.3210) might be the begging of a corrective phase of the bearish channel. A good sign of strength can be given by the break of the bearish trend line and the formation of new higher lows and higher highs. In this case buyers could push the price back at 1.35800 before continuing its down phase.