GBP/USD May fall 90 -150 pips
Insight - Price is still following the downwards trend line with support now at 1.2202 and resistance at 1.2395. A double top appears to be forming at support, following the downwards trend line on the 15m timeframe, which could indicate further downside.
Intraday - Short
Trade: Buy
Buy or Above: 1.2202
Target TP: 1.2395 & 1.2514
Pivot and Support 1.2202
Trade: Sell
Sell or Below 1.2202
Target TP: 1.2104 & 1.2014
Insight - Price is still following the downwards trend line with support now at 1.2202 and resistance at 1.2395. A double top appears to be forming at support, following the downwards trend line on the 15m timeframe, which could indicate further downside.
Intraday - Short
Trade: Buy
Buy or Above: 1.2202
Target TP: 1.2395 & 1.2514
Pivot and Support 1.2202
Trade: Sell
Sell or Below 1.2202
Target TP: 1.2104 & 1.2014