GBPUSD Turns Lower From Resistance Confluence

GBPUSD turned lower earlier in the week, after pair found sellers at resistance zone/channel top confluence. Wednesday saw a Dark Cloud Cover reversal candle, with modest follow through on Thursday. Sellers will be looking to take out rising channel support at 1.32 and counting. A daily close above yesterday's high at 1.3376, would shift focus back on to the resistance zone/channel top above 1.34.

הערה:

Rising channel support comes in at 1.3213 today.

הערה:

Pair remains bearish absent a daily close above Friday's open 1.3290 / breach of Friday's highs

הערה:

Pair has found channel support - bearish bias invalidated.