GBPUSD -bearish bias
Bearish indications:
LLLH
Trend line support broken.
Major support broken at 1.3000 and secondary support of 1.2943
Moving average respected day and 4 hr time frame.
AB=CD which indicates price can down to 1.2626 level.
Bullish indications:
Bullish divergence.
Bearish bias in GBPUSD once the formation of bearish chart patterns from major resistances.
LLLH
Trend line support broken.
Major support broken at 1.3000 and secondary support of 1.2943
Moving average respected day and 4 hr time frame.
AB=CD which indicates price can down to 1.2626 level.
Bullish indications:
Bullish divergence.
Bearish bias in GBPUSD once the formation of bearish chart patterns from major resistances.
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