GBPUSD has turned sharply lower in the last few days from the neckline resistance and 61.8% Fibonacci retracement level. A turning point down is very sharp that also took out the lower support line of a corrective channel that puts bears in play. That said, traders must be aware of a continuation down to 1.5000 after current black wave 2 is completed, ideally that will be around 1.5200.
GBPUSD, 4H
GBPUSD, 4H
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