GBPUSD: Top-Down Analysis & Bearish Setup 🇬🇧🇺🇸

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Libra Esterlina/Dólar Americano (OANDA:GBPUSD)

OANDA:GBPUSD Libra Esterlina/Dólar Americano

Multiple Time Frame Analysis Support and Resistance Cup And Handle GBPUSD DJ FXCM Index USD dollar forecast GBP pound signals Contains image

mtfa supportandresistance cupandhandle gbpusd usdollar usd dollar forecast gbp pound signals containsimage

snapshot

GBPUSD is under a strong bearish pressure.
The price successfully violated 1.23 key daily support and closed below that.

Retesting the broken structure, the price formed a tiny cup & handle pattern.
The breakout of its neckline is a sign of strength of the sellers.

The pair may continue falling.
Support - 1.225

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