Price was largely ranged for the GBPUSD-1.09% for the better part of 2015. Then when price broke the ascending channel it was in, price took a huge drop shortly after retracing back up to the bottom of the channel.
Price then broke through the 1.4565 handle (Support) low of 2015 and exposed the 1.4225 low of 2010. Price is now just a few pips away from breaking that as well.
I don't see much in the way of buying until the 2009 low of 1.3500.
Until then, I am looking for a chance to short at key structure levels.
Price then broke through the 1.4565 handle (Support) low of 2015 and exposed the 1.4225 low of 2010. Price is now just a few pips away from breaking that as well.
I don't see much in the way of buying until the 2009 low of 1.3500.
Until then, I am looking for a chance to short at key structure levels.