GBP/USD -15/4/2022-
• Bulls gave up in the mid 1.3100s
• Sterling lost around 100 pips
• Pennant formation on hourly chart, which signals a continuation of the trend in the coming days
• Watch out for the breakout, high volume reinforces the downward move
• Sterling lost around 100 pips
• Pennant formation on hourly chart, which signals a continuation of the trend in the coming days
• Watch out for the breakout, high volume reinforces the downward move
Ramzi Abou Abdallah, CFTe, CMT
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