GBP/USD: Bearish channel 78.6% Fibo 200 sma and price DROP
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As explained yesterday the GBP/USD it's in corrective impulse from 22 Jun, a deep pullback that touched the 78.60% Fibo in confluence with the 200 SMA and had corrective bearish candles. Today the GBP seems to recover potency but the main trend is Bearish the stochastic is in overbought with divergence and not last the strong correlation with EUR/USD gives us the clues for a new Bearish impulse. What do you think about?
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