Bears took control over GBPUSD.

5 בפבר׳ 2019

Since we broke the previous support mentioned at 1.3080, we've been heading lower and lower breaking easily through the monthly support of 1.3000 and closing below. Also May has her negative effect on this pair making it easy for pound to head lower and close with a bearish marubozu candle on the 4H TF. Currently there's a lotta room left to the downside with our next target at 1.2850 which acted as a strong resistance and support in the past. Breaking this support makes it possible for pound to test January lows again at the 1.2700 monthly support level.