FX.co ★ GBPUSD holding below descending trendline resistance! Drop Incoming!

Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. GBPUSD holding below descending trendline resistance. With technical indicators showing room for further bearish momentum, a short term drop below our 1st resistance at 1.38380 towards graphical swing low 1st support at 1.37862 could be possible.