GBPUSD is Bearish

٢٩ أغسطس

After a phenomenal bullish rally, bulls seem to be exhausted and bears are trying to seize this opportunity. A bearish divergence on four hourly time frame further affirms bearish sentiments. First lower low is printed successfully, and if this is broken then a bearish rally is on the cards as per Dow theory. Targets are mentioned on the chart.