A Giant Slant With No Pullback Setting Up For A Big Drop

GBPUSD has been moving is a large slant for a lengthy period of time according to the daily. And a slant with no pullback of any kind means that a drop is coming. The sideways movement we're seeing could be setting up for a major move to the downside, or a temporary climb further up before it comes crashing back down. Time will tell. Here are the TPs.

BEAR TPs:
• 1.36126
• 1.35326
• 1.34493
• 1.33804

BULL TPs:
• 1.37593
• 1.38250
• 1.39098
• 1.39786

Trade closed: target reached:

All BULL TPs were HIT on February 18th during the Tokyo session.