The GBP/USD bearish breakout is seeing a bullish retracement at the moment but the downtrend could continue if the price manages to break below 1.32.
GBP/USD
4 hour
The GBP/USD bearish breakout is seeing a bullish retracement at the moment but the downtrend could continue if the price manages to break below 1.32. In that case the next target could be at 1.30.
1 hour
The GBP/USD seems to be building a wave 4 retracement. The price has respected and turned at the 38.2% Fibonacci retracement levels, which could indicate the start of a wave 5.
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