GBP/USD Break Below the Equidistant Channel is Possible
|The GBP/USD has been in a steady progressive downtrend. We can clearly see the equidistant channel holding the bearish trend intact. The pair is currently underpinned by being kept below the Weekly L4 1.3380 so we might see a drop towards 1.3310, 1.3250 and 1.3200 which is very strong resistance. If 1.3200 doesn’t hold, 1.3097 is next.
GBPUSD Current Trading Positions
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