1.28 seems to be a strong trendline/horizontal support. A break below will see the annual low as support. However, i think the scenario is technically unlikely. I have no idea about this category but harmonic traders have suggested a completion of the pattern at the 1.275 zone. My target is long-term.
What i'm worried about is the strong bearish breakout at the descending channel, indicating the bears are strong.
gbpusd is fundamentally weak due to fears of british pm being increasing under fire and face risk of being ousted.
What i'm worried about is the strong bearish breakout at the descending channel, indicating the bears are strong.
gbpusd is fundamentally weak due to fears of british pm being increasing under fire and face risk of being ousted.