Pound news showing more bearish momentum ahead...
GBP/USD next stop to the downside looks like 1.3475 (roughly 90 pips) away as pressure builds around 1.3570.
We would anticipate further movements to the downside today however this could kick off the tone for next week as well.
Lots of bearish confluences on W/D/4H along with this 2H breakout and moving average crossover. We will keep an eye on this pair and provide another update on it soon.
We would anticipate further movements to the downside today however this could kick off the tone for next week as well.
Lots of bearish confluences on W/D/4H along with this 2H breakout and moving average crossover. We will keep an eye on this pair and provide another update on it soon.