Conducting Top down Analysis, we also have several scenarios on GBPUSD
. The Daily time frame demonstrates the bears have lost momentum. Price has been trading in a descending channel
. I believer price would reach 1.5400 at least before it continues its downside momentum; however there are also signs of a potential 1.5500. If price breaks above 1.53400 then there is a huge possibility of reaching our TP 2.