Thursday 23 May 2019

GBPUSD: Testing old cloud chart support zone: 1.2624!

GBPUSD: Testing old cloud chart support zone: 1.2624!

Make or break day here as Sterling is testing old cloud chart support lows of February. 1.2624 to 1.2602 key support zones! downside risk remain high if support fails at these levels.

Price action is below the cloud, and it remains bearish. GBP is down more than 550 points since the cloud chart sell signal!

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