GBPUSD - downtrend to continue if breaks below support area...
Updated
GBPUSD
price is following a downtrend channel and price is showing rejection from the upper trendline of the channel, currently price is between support and resistance zone, if price breaks below the support area then after a pullback if price shows rejection, I expect the price to move lower..
And for price to move higher, its needs to break above the channel...
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
price is following a downtrend channel and price is showing rejection from the upper trendline of the channel, currently price is between support and resistance zone, if price breaks below the support area then after a pullback if price shows rejection, I expect the price to move lower..
And for price to move higher, its needs to break above the channel...
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Comment
Bullish Scenario
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