Daily Brief on GBP
Technical Analysis Higher Time Frames
On the higher time frames the GBPUSD has now broken the support being offered by the symmetrical triangle. This support has given way following GBP to crash southward.
Price started its decent towards the support from late in the day on the 8th of February. Picking up momentum as it fell, it glided through the Asian session ready for the Bears of London to strike this morning.
The Day Ahead
With the support now busted we are looking for the retest from below 'B' and at this point we are looking for a nice short setup.