GBPUSD: A further price decline is expected

GBPUSD: A further price decline is expected

From the chart we can see that GBPUSD was in correction for about one month.

It was a very big correction in time considering that GBPUSD usually is a currency pairs moves very quickly.

Finally during the "Jackson Hole Summit" the price broke down from the pattern.

it is not valid yet but it may be clearer during the coming week.

Don't forget that we have also NFP data this week and the market will speculate again.

Thank you and Good Luck!