GBP/USD has broken under the 50 EMA on the 8H chart and is currently in a strong bearish momentum as the 1H chart confirms weakness.
We can expect GBP/USD to fall further below eventually.
Give it 1-2 more hours for the confirmation of the move.
Trade safe.
We can expect GBP/USD to fall further below eventually.
Give it 1-2 more hours for the confirmation of the move.
Trade safe.
We can wait for the pair to stabilize itself and short it if the bearish trend is still active. I expect the next shorting opportunity to happen within the next 8 to 24 hours..