Here's a technical perspective on GBPUSD by a medium-term swing trader. GBPUSD price action is presently sideways on the daily time frame. It made a bearish rejection of the 1.22600/1.24700 horizontal resistance zone (red) seven days ago, but there was no bearish follow-through throughout last week. A bearish breakdown of the sideways may see a southward drive towards the 1.18700 handle (blue).
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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