GBP/USD May fall 100+ pips
Insight - Due to fundamental events, price has hit an extreme low, breaking the support of the monthly descending channel. Support now at 1.1434 and resistance at 1.1808
Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2031
Pivot and Support 1.1434
Insight - Due to fundamental events, price has hit an extreme low, breaking the support of the monthly descending channel. Support now at 1.1434 and resistance at 1.1808
Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2031
Pivot and Support 1.1434