GBP/USD: Downside resumes towards 1.3425 amid Brexit woes. Looking at GBP/USD’s daily chart, the bears are looking to test the rising trendline support at 1.3427 after the recovery faltered near 1.3500.
On the upside, the recovery needs to find acceptance above 1.3500 to take on the previous support now resistance at 1.3559. The next significant resistance awaits at the 1.3600 psychological mark, which was a pivotal support a week ago.
=> Waiting for opportunities in good price. on a retest of the resistance structure 1.3600 area, bears can target the daily liquidity area near 1.3425-1.3450
=> Don't buy due to the downtrend is still strong
On the upside, the recovery needs to find acceptance above 1.3500 to take on the previous support now resistance at 1.3559. The next significant resistance awaits at the 1.3600 psychological mark, which was a pivotal support a week ago.
=> Waiting for opportunities in good price. on a retest of the resistance structure 1.3600 area, bears can target the daily liquidity area near 1.3425-1.3450
=> Don't buy due to the downtrend is still strong