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FX_Rhapsody
Dec 4, 2021 3:24 AM

GBPUSD Breakdown Analysis 

British Pound/U.S. DollarFXCM

Description

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.
Comments
Roadh0use
It’s either going up or down for it
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