GBPUSD is Bearish

1 באוק׳

Price was in a strong uptrend, however the bearish divergence on four hourly time frame led to the break of previous higher low, indicating bearish control. Moreover, there is also bearish divergence on daily time frame. If the freshly printed lower low is breached, then we can expect further downside in price action as per Dow theory. Targets are mentioned on the chart.