Trend: Bearish
Structure: Channel / Breakout
Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside.
What followed was a breakout of resistance and what appears to be a confirmation of the breakout.
We now look to take a sell to previous low.
Please wait for MACD and stochastic confirmation as MACD is slightly bullish
Structure: Channel / Breakout
Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside.
What followed was a breakout of resistance and what appears to be a confirmation of the breakout.
We now look to take a sell to previous low.
Please wait for MACD and stochastic confirmation as MACD is slightly bullish
