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    GBP/USD: strong gap led to the new low

    GBP/USD: strong gap led to the new low

    There’s a local “V-Top”, which led to the strong “Breakaway Gap”, so the price reached a support at 1.4371. Therefore, the market is likely going to achieve the next support, which is near the uptrend line. If we see a pullback somewhere from this area, there’ll be an opportunity to see a bullish movement towards the last gap.

    GBP/USD: strong gap led to the new low

    As we can see on the one-hour chart, the price is moving up and down. Because of the Monday’s gap, the market is likely going to get a support somewhere at 1.4343 – 1.4305. If bears be stopped here, it’ll be a chance to see an upward correction.


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