The GBPUSD has clawed back lost ground so far this week. It comes following last week’s 300 pip plunge below two critical levels. The first was the trend line that extends from the November 2019 low. I wrote about this level on February 5th. It was last Monday’s 1.2998 close below this level that allowed me to get short at 1.3044, an entry I announced in the member’s area last week. The GBPUSD also closed below the ascending channel that extends from the 2019 low last week. Sellers confirmed that breakdown on February 6th. As long as the GBPUSD trades below that 1.3000 area on a daily closing basis, my bearish bias ... (full story)