Deztroyer101

GBP/USD 1.19 target?

Short
FX:GBPUSD   British Pound / U.S. Dollar
- Price has broken down from the daily downwards channel (bottom orange line) and is potentially finding resistance on the old support.

- Support can be found on the downwards bold red line, but it could break down and bounce from the dashed blue support line at 1.19.

- Remember, Theresa May's speech on Brexit is tomorrow, so there will probably be volitility in the GBP currency pairs.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.