GBPUSD Price continues to remain in a downward trend on the H4 chart, respecting both the ichimoku and the descending channel, so we have a bearish bias. At 1.1192, we’re hoping for a breakout entrance.
MACD is showing bearish wave on going, MACD bars are turning dark red, and MACD line has smoothly broken below the signal line.

• There is resistance 1.12684 followed by resistance at 1.13473 and 1.14402
• There is support at 1.10000, Below, there is 1.08000 and 1.06369

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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