GBP/USD - Bearish break from trading range
Spot witnessed a bearish break from the trading range of 1.4541 - 1.4443 mentioned here earlier today
Bearish break from sideways channel indicates continuation of the downtrend that began from a high of 1.4770. Support at 1.4413 and 1.4380-70 now stands exposed.
On the higher side, hourly 50-MA remains a key resistance, which needs to be breached if recovery has to gain traction.
Bearish break from sideways channel indicates continuation of the downtrend that began from a high of 1.4770. Support at 1.4413 and 1.4380-70 now stands exposed.
On the higher side, hourly 50-MA remains a key resistance, which needs to be breached if recovery has to gain traction.