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FX.co ★ GBPUSD broke below trendline support! Drop incoming!

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Forex Analysis:::2021-08-03T04:47:42

GBPUSD broke below trendline support! Drop incoming!

GBPUSD broke below ascending trendline support (now resistance). A further drop below 1st support at 1.38758 towards graphical swing low and 2nd support at 1.37668 could be possible. Technical indicators are showing room for further bearish momentum as well.

GBPUSD broke below trendline support! Drop incoming!

Analyst InstaForex
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