Tuesday 1 May 2018

GBPUSD: Bears out and running wild!

GBPUSD: Bears are running wild with GBPUSD now in a confirmed downtrend since price action is below the cloud. Bottom end of the cloud is now the new resistance zone!

GBPUSD failed to find support at the bottom cloud level, and sliced past key cloud support zone!

Old lows, and old cloud chart levels are the next new support levels it will have to find in the bear market rally!

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