GBP/USD Follows Through from Bearish Candles
Chart Prepared by Jamie Saettele, CMT
-The 10/22 outside day in GBP/USD may set the stage for resumption of the downtrend that began with the head and shoulders break in August.
-A break under 1.5200 (parallel support) would suggest that the next leg lower (towards the April low) is underway.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.