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Bears are licking their lips, significant correction could be on on the cards – Crypto News
- GBP/USD is tiring in the bids and bears are moving in for the kill.
- The week ahead holds a bearish bias, but there’s work to do.
GBP/USD ramped up for a sixth consecutive day of gains after data showed the UK economy swung into the red by less than expected. The following shows the bias from the top-down analysis:
GBP/USD moving in on the lower time frames
A correction is underway for the week ahead.
GBPUSD H1 chart
Bears are monitoring for a break of trendline support. 1.3000 is eyed!
