GBP/USD is very close to falling out of a 5 month ascending channel as it did this time in 2018 this could be a multi month down move
if it can break cleanly. Also to note is the rejection / breakout spike at 1.42 adding liquidity to the move and recent USD strength.
Failing a breakdown it might try again for the top of channel or double top. Plenty of targets on the way down.
if it can break cleanly. Also to note is the rejection / breakout spike at 1.42 adding liquidity to the move and recent USD strength.
Failing a breakdown it might try again for the top of channel or double top. Plenty of targets on the way down.