The GBPUSD Trading Below Support
British Pound/U.S. Dollar FX:GBPUSD
Last post: June 14th. See chart.
Review: Price had weakened over 100 pips since bouncing off resistance but needed to break and close below support.
Update: Price is currently trading below support but need to see a close below support by the end of the trading day.
Conclusion: Applying patience to see if the break and close is confirmed which will suggest a bear trend continuation.
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