GBP/USD – Falling channel, falling trend line on hourly
The hourly chart shows falling channel on the hourly chart. We also have a fresh falling trend line on the hourly.
Failure to retake 1.30 handle in Europe only reinforces the bearish view and suggests we may head lower to 1.2875 levels.
On the higher side, bearish invalidation is see only if prices break above 1.3056 on day end closing basis.
Failure to retake 1.30 handle in Europe only reinforces the bearish view and suggests we may head lower to 1.2875 levels.
On the higher side, bearish invalidation is see only if prices break above 1.3056 on day end closing basis.