? GBP/USD Bearish Momentum Breaks 1.32 Support Zone ?

2 min read

Hi traders,

The GBP/USD broke below the support trend line (dotted green) after building a triangle chart pattern. Price also breached the critical round level of 1.32 for a continuation of the downtrend.

GBP/USD

4 hour


The GBP/USD is showing strong bearish price action and could be ready for a continuation towards the next round level at 1.30.

1 hour


The GBP/USD is building a small consolidation after a bearish breakout, which could be part of a bearish wave 5.

Good trading,
Chris Svorcik
Elite CurrenSea

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