GBPUSD BEAR PERSISTENCE.

The Bear run on GBPUSD has been very persistent with this beast breaking even lower lows which are very significant. This does not seem to stop any time soon. It seems this pair is going to clear the below 2020 liquidities before we can decide on any moves to the upside. The IG client sentiment also says that 90% of all retail traders are long on this pair and this put's the reinforcement that the institutions are indeed shorting this pair. Having said this GBPUSD has already gone 900 clean pips from the beginning of the bear run. We still have 900 more pips to cover on this beast and with this, it would only be wise to follow the direction of the trend.