GBPUSD is currently consolidating within a horizontal trading range on a daily.
1.2 - 1.205 is its support; 1.225 - 1.23 is its resistance.
Taking into consideration that the market is trading in a global bearish trend, the pair will most likely drop soon.
To catch a bearish continuation, wait for a breakout of the support of the range (you need a daily candle close below) to confirm the breakout.
Then the pair will most likely drop to 1.1825 level.
Alternatively, a bullish breakout of the range's resistance may trigger a bullish continuation.
âĪïļIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!âĪïļ
â
Join My Telegram Channel: t.me/VasilyTrading
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â