GBP/USD May fall 100+ pips
Insight - Price has broken out of trend line but trend is still moving downwards continuing to test
Resistance at 1.1808 support at 1.1434.
Intraday - 4H
Trade: Sell
Entry: 1.1344
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2039
Pivot and Support 1.1434
Insight - Price has broken out of trend line but trend is still moving downwards continuing to test
Resistance at 1.1808 support at 1.1434.
Intraday - 4H
Trade: Sell
Entry: 1.1344
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2039
Pivot and Support 1.1434