GBPUSD to test historical low

GBPUSD is about to face a key 1.1410-1.1500 zone

 

GBPUSD is breaking below the 1.1700 level. This break is leading lower to a key downside resistance 1.1410-1.1500 zone which was the March 2020 low. A break below this zone iz required for the downside continuation. The warning sign for a possible counter trend bounce before a final break below this resistance zone could be positive RSI divergence.

Note: look for the short trade entries only upon a break below 1.1410 and search for the counter- trend long trade entries  in the case of a price action bounce

 

GBPUSD is breaking the resistance

 

 

 

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