GBPUSD: Top-Down Analysis & Bearish Setup 🇬🇧🇺🇸

Short

Livre sterling / Dollar américain (OANDA:GBPUSD)

OANDA:GBPUSD Livre sterling / Dollar américain

mtfa supportandresistance cupandhandle gbpusd usdollar usd dollar forecast gbp pound signals containsimage

GBPUSD is under a strong bearish pressure.
The price successfully violated 1.23 key daily support and closed below that.

Retesting the broken structure, the price formed a tiny cup & handle pattern.
The breakout of its neckline is a sign of strength of the sellers.

The pair may continue falling.
Support - 1.225

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GBPUSD: Top-Down Analysis & Bearish Setup 🇬🇧🇺🇸

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