GBP/USD May fall 100+ pips
Insight - Support has held at 1.1434 causing price to reverse upwards and push the downwards trend line out further. Due to recent fundamental events, this could see GBP drop further
Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2039
Pivot and Support 1.1434
Insight - Support has held at 1.1434 causing price to reverse upwards and push the downwards trend line out further. Due to recent fundamental events, this could see GBP drop further
Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2039
Pivot and Support 1.1434
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