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Nov 2, 2021 6:02 AM

GBP/USD - 02/11/2021 Short

British Pound/U.S. DollarFXCM

Description

GBP/USD (H4) - weak break out of support of 1.36713 and price has found new support of 1.36510. We have formed and hourly double bottom but I don't believe this will hold and price should follow suit bearish with GBP/JPY. Just need to wait for the break.

GBP/USD (M15) - Very messy structure here so just bear with this one. Try avoid the noise and just look for price tapping back into 1.36478 and look for the break for sells as this would be the break of H4 support.
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