Description
⋅ Dear Traders,
I continue to think GBPUSD put in a false break in late February.
That could trigger an extended move lower for the pair.
However, sellers first have to get through the 1.3800 region, which is a confluence of support.
Do that, and we could see the GBPUSD head back to 1.3500.
Alternatively, a bounce from the 1.3800 area would likely find resistance near 1.4000.
If you like this idea/analysis, kindly press the Follow & Like button and support us.