GBPUSD nearing first support challenge
GBPUSD nearing first challenge to break for continuation, nearing resistance which lines up with 38.2 fibonacci support. Stochastic/rsi is oversold.
However ichimoku looks strong for trend continuation. No special candlestick pattern that suggests reversal is imminent. Bearish channel was also broken and did go into bearish continuation, it might bounce off the bottom of the channel, using it as resistance, and then continue to the downside
However ichimoku looks strong for trend continuation. No special candlestick pattern that suggests reversal is imminent. Bearish channel was also broken and did go into bearish continuation, it might bounce off the bottom of the channel, using it as resistance, and then continue to the downside
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