GBP/USD Breakdown!
The GBP/USD pair drops at the time of writing after failing to stabilize above the uptrend line and above 1.3610. You knew from my analyses that the currency pair could extend its upwards movement only as long as it stays above the uptrend line and if it stabilizes above 1.3610.
Dropping below the uptrend line signaled that the upside movement is over and that the rate could develop a downside reversal.
GBP/USD Trading Conclusion!
1.3511 former low represents a downside obstacle. Dropping below it may activate further drop and could help the sellers to catch a new selling opportunity.
