GBP/USD fell 75 pips after it failed to break previous week high. If the bearish momentum continues the next levels to watch 1.32/1.3170. On the other side, break above the 1.3310 double top will open the doors to 1.3340/80.
Hi @SyamFX
I agree with your analysis However price may range for a while given the uncertainty with the USA economy as investers wait to see how and what Biden will do. The last few days volume has been low and I think traders are worried about if Biden will shut the economy down to combat COVID 19 and what radical economic policies he intends to introduce.
Cheers
Blackduck
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