The GBPUSD market is very bearish with pressing selloffs signaling a breakout under a 1.2675 (2020) September low. Sustained action under 1.2675 could open up a selling wave to 1.2483. Corrective rebounds will likely struggle with the accelerating momentum of declines from the past several days. Only a close over 1.2992 (SAR) alerts for a sustained correction phase.
Last Updated Date: 25 April 2022 @ 12:11 PM (UTC)
*Please note that all the dates are in GMT time zone
