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GBPUSD retests broken Support, can drop this week

FX:GBPUSD   British Pound / U.S. Dollar
Hello friends, GBPUSD has been consolidating below the 100 EMA on the 4H chart for the last few days.

It has also retested the broken Support and formed a Rejection candle.

In my opinion, GBPUSD has the potential to drop to 1.2240 and even 1.2158 this week.

If price is unable to break the Broken Support-turned-Resistance level, then Traders can look for Sells with targets as mentioned in my chart

Comments

Chora
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Fake
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It is still can move slightly higher but eventually will start trending down

https://www.tradingview.com/chart/EHHnPtmm/
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Agree! good job.
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here is my overall viewpoint on this pair

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It will be a choppy ride but can see this playing out
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thanks for this, great work on that, I have the same bearish bias as well, could be a good opportunity for a short :
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broke it up u.u
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Appreciate
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