GBPUSD Bearish Continuation
Looking at the 
GBPUSD 4H chart, its been on a bearish trend since the 27th of March. The major price levels to watch here are the support level 1.23644, the resistance level 1.24157 as well as the next support 1.23260.
We can see that the price was (or is) on a bearish pullback to that key resistance level, which is just above the 38.20% Fibonacci level. Price will then turn and continue on its merry way down to our next support level of 1.23260, which happens to be the 161.80% Fibonacci level. It's ripe to jump on right now.
GBPUSD 4H chart, its been on a bearish trend since the 27th of March. The major price levels to watch here are the support level 1.23644, the resistance level 1.24157 as well as the next support 1.23260. We can see that the price was (or is) on a bearish pullback to that key resistance level, which is just above the 38.20% Fibonacci level. Price will then turn and continue on its merry way down to our next support level of 1.23260, which happens to be the 161.80% Fibonacci level. It's ripe to jump on right now.
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