GBP/USD still under pressure
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BIG volume below 1.3070
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Long targets hit
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Sellers jumping in
The GBPUSd had a big rally yesterday due to news that PM Johnson was reshuffling his cabinet and that might point to further easing. Technically speaking the GBPUSD is still under a lot of pressure under 1.3200 which is the make it or break it zone since it's here that we've had BIG sellers smashing the Pound down against the USD.
Yesterday rally was short lived and sellers jumped in again at the previous highs and the top of the rising green structure, short term buyers taking profit here also induced bearish pressure. Now the GBPUSD has break out of a reversal pattern at the top of the move under a BIG volume zone and everyhting points at a dip to retest the lows or at least the 1.2960
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