GBPUSD broke ascending support line, potential drop to 1.400
Price has broke a short term ascending support line triggering a potential drop to support at 1.4000.
1.4104 remains the key level to be broken as a downside confirmation to trigger a further move down because price has bounced from that level multiple times previously.
It's worth noting that price has a strong bearish divergence vs RSI that stretches all the way back to mid-May 2021.
1.4104 remains the key level to be broken as a downside confirmation to trigger a further move down because price has bounced from that level multiple times previously.
It's worth noting that price has a strong bearish divergence vs RSI that stretches all the way back to mid-May 2021.
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