Topic: Here’s the market outlook for this week GBP/USD
GBPUSDDominant bias: Bearish
After consolidating on Monday and Tuesday, a drop occurred on Wednesday - just as forecast last week. The accumulation territory at 1.2400 has been tested again and again, but there has been considerable opposition to further bearish movement. However, the bearish bias on multiple GPB pairs should support a break down this week that ought to extend at least 300 pips by the end of the month.