GBP/USD Breaks Down Channel Support

Channel support breakdown:After a brief bounce off of the rising channel support, GBP/USD fell sharply during the 5/13 US session and broke below the support as well as the 200-SMA in the 4H chart. This comes with a convincingly sharp 4H candle that broke below the 1.53 handle. The 4H chart also…

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GBP/USD Breaks Down Channel Support

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