GBPUSD started a downtrend when it gapped downwards and broke a trendline upon Elliot Wave completion. Last week, Price has once again broken a 6 month trendline, and retested break out point before a bearish closing on Friday.
This week, we can assume GBPUSD will continue it's downtrend, at least back to its previous low at 1.278, with next immediate support being at 1.2545.
Continue selling GBPUSD once there are small pullbacks in the smaller timeframes upon market opening.
This week, we can assume GBPUSD will continue it's downtrend, at least back to its previous low at 1.278, with next immediate support being at 1.2545.
Continue selling GBPUSD once there are small pullbacks in the smaller timeframes upon market opening.
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Pound's at risk
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