The GBP reached an area of strong resistance and the market was unable to break through.
After rejection, an M-shaped sample was drawn up in which a new resistance level was created and again a new resistance level was rejected.
So, now we expect the downward movement to continue until the market reaches one of the support levels or continues the bearish trend until it reaches a strong support level.
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This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
After rejection, an M-shaped sample was drawn up in which a new resistance level was created and again a new resistance level was rejected.
So, now we expect the downward movement to continue until the market reaches one of the support levels or continues the bearish trend until it reaches a strong support level.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.