GBPUSD Trading on a Bearish channel

2020-02-26 19:54:52

The pair has been on the bearish trend for awhile now, from daily time frame you can see a bearish engulfing candlestick price action pattern at the upper trendline price level 1.30230, this with the bearish trend connote the price will move down to the lower trendline at 1.28350.

Bias: SELL @ CURRENT PRICE 1.29166 TARGET 1.28552 SL 1.2965