GBPUSD may still have one more leg down.

The pair broke down the support trendline after failing to break the resistance area at 1.2760. Pair might retreat back to 1.2660 and bounce from there or continue the drop.

הערה:

Price bounced right at the orange support area. +25 pips for those who sold.

הערה:

We now watch the price action. If it doesn’t break the 1.2660 support, we will take entries to long.