GBPUSD prevents again towards the current lows close to 1.1350 – 56
Holding underneath that outdated ground (now a ceiling) will outline the danger within the short-term. Stay beneath is extra bearish. Move above and there could possibly be extra probing to the upside with the downward sloping trendline close to 1.1377, and the falling 100 hour transferring common close to 1.14016 as the subsequent targets to get to and thru.
Remember additionally the 1.1404 – 1.1408 have been swing lows from September 7 and going again to the March 2020 pandemic low. That space can also be key for the bullish or bearish bias going ahead.
For now, the holding of the 1.1350-568 space retains the vendor in management.