GBPUSD: Trend Breakout

GBPUSD, H2

On the H2, GBPUSD after a small rise broke the trend line and fell towards MA200. MACD confirms the possibility of a fall, and Chaikin also fell below 0.

A fall below MA200 and 1.3530 will drop the price to 1.3470;

A bounce from support will bring GBPUSD back to 1.3585.

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Author: Egor Schmidt