GBP/USD – close below 1.2412 would expose 1.22
Pair’s bearish outside day candle and a bearish follow through on Friday has opened doors for a potential daily close below 1.2412, which could yield a sell-off to 1.22 levels over the next few days.
On the higher side, only a daily close above 10-DMA would signal short-term bearish invalidation
On the higher side, only a daily close above 10-DMA would signal short-term bearish invalidation