Bearish channel guiding GBP index
GBP has been one of the weakest currencies for some time now and it's easy to see that from this chart The FX market has been quiet for the majority of the week and it looks like GBP tried to regain some ground albeit slowly It could continue to gain but the overall bearish channel is what I'm focused on. I'm watching for bearish setups on GBP pairs but waiting to see how price will react to the bearish flag pattern. Good confirmation will be if price can sustain trading below the bearish flag breakout point on the index.
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