GBPUSD GBP/USD could use the bearish Daily FVG as support and continue lower to sweep the sell-side liquidity resting below.
However, I don't want price to trade deeply into the Daily Breakaway Gap. If GBP/USD does retrace into that gap, ideally it should only reach the lower 50% of the gap before resuming its move lower toward the sell-side liquidity.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.