GBP/USD is losing ground
Read the article on FBS website
Recommendation:
SELL 1.3390
SL 1.3445
TP1 1.3290 TP2 1.3170
On the daily chart, GBP/USD keeps correcting to the long-term uptrend. Bulls tried to return the pair inside the previous consolidation range of 1.3455-1.3615. Failure points at their weakness. The pound formed a pin bar. If bears manage to reach targets, the risks of going to 88.6% target of the “Double top” will significantly increase.
On H1, if GBP/USD falls below May minimum at 1.3390, the decline will intensify.
