The GBP/USD slipped lower dramatically from 1.2280 to 1,2217 area on hard Brexit chances. The cable has violated the double bottom level at 1.2225 and has closed series of neutral candles below this, which are confirming the bearish breakout.
With that being said, the GBP/USD may continue trading lower towards 1.2170 after exhibiting slight retracements.
With that being said, the GBP/USD may continue trading lower towards 1.2170 after exhibiting slight retracements.