GBP/USD bears take on critical trendline support
GBP/USD bears are in the market below 1.2470. A break below 1.2415 will cement the downside bias. The hourly dynamic trendline support line is being tested and close below the daily chart´s 38.2% Fibonacci and then the 1.2415 structure will be penetrating the support, cementing in the bearish bias for the days ahead.
GBP/USD bears are in the market below 1.2470. A break below 1.2415 will cement the downside bias. The hourly dynamic trendline support line is being tested and close below the daily chart´s 38.2% Fibonacci and then the 1.2415 structure will be penetrating the support, cementing in the bearish bias for the days ahead.