The GBP/USD pair is showing bearish signs on the H4 time frame with the recent confirmation of bearish bias, rejection of 1.24125 and three H4 candles closed below the last bull candle. But bearish pressure is expected to be temporary due to the upcoming decision on interest rates for the US dollar. The first target is between 1.22847 and 1.22574, Second target is between 1.21803 and 1.21537. Opinions of other traders are welcomed.
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This idea is still valid. I am anticipating the price to re-test target 1 again.
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Congratulations to everyone who believes in and supports this idea. Target 2 is now almost guaranteed. What's next? Follow me to find out...