FX_Rhapsody

GBPUSD Breakdown Analysis

FX:GBPUSD   British Pound / U.S. Dollar
Looking at GBPUSD. On the daily TF we see LH and LL. will this down trend continue? If price breaks below current support it will form a new LL. If price breaks and retests the bearish TL on the 1H timeframe, we might see structure being broken and start looking a Bullish movement in the form of HH and HL. COT reports indicate Pound on a extreme low net position so we might see the break to the upside soon.
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