Bearish movement anticipated. This is purely based on a technical analysis and price action
Price action! and a clean break out on the pair.
GBPUSD broke the resistance that was supposed to be our first sell entry and therefore breaking out. 1.27834 is a previous resistance and that's where the pull back of the breakout is expected to occur and that is where the short term sell is to be entered. 1.26495 should be the TP for the sell and the entry for the BUY which is long term because of the breakout...
We can see a breakout and clean retracement happening on the chart so we expect a down movement until the 9540.00 area and confirmed by the fib for a short bearish move.
The long term buy has reached peak and about to form a bullish trend