Bearish Channel on the Daily with a falling wedge pattern on the 1H timeframe. Expecting a breakout and retest of the falling wedge with an buy move on the retest pushing price back to resistance level 124.211. What are your thoughts?
Price retrace back to April support now resistance 1.11834, with a push extending to new lows at 1.10264 forming the third low on the the bearish channel. We'll see how today's NFP result turns out.
Classic breakout retest happening here on the GBPUSD pair. A retest on the two month support of 1.29850 is expected with a push to April's High 1.31747 resistance level, targeting the High of March 1.31669.
