GBPUSD is on a downward trend on 4hr, 1hr and 15min timeframe so far.
A pullback on 1.32500 will see the price move down to 1.32000, forming double bottom with November 30th Lowest price caused by the Powell news.
Double bottom pattern formed at 1.32000 will drive the price up to 1.32500 to form yet another double top pattern, which will trigger the downward movement continuation to 1.31000.
Always confirm before activating trades.
Thanks
A pullback on 1.32500 will see the price move down to 1.32000, forming double bottom with November 30th Lowest price caused by the Powell news.
Double bottom pattern formed at 1.32000 will drive the price up to 1.32500 to form yet another double top pattern, which will trigger the downward movement continuation to 1.31000.
Always confirm before activating trades.
Thanks