On this pair (gbpusd) based on my analysis the price hits its previous daily structure which is the resistance level. to confirm that it will reverse to the up side is that we need to see rejecting candles so as false breakout, If not then price will break though daily structure and continue to the downside.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.