GBP/USD
Dt- 7th Dec 2022
GBP/USD yesterday spiked to 1.22 and then followed a complete U-turn to print a fresh low of 1.2110 today. But since then it has produced a mild bounce towards 1.2170.
The daily close is interesting and important at this juncture.
Two bearish candle(consecutive) have been formed, so if GBP/USD produces another bearish candle today then it will expose the 1.2000 level on the downside followed by 1.1900.
Disclaimer- Not financial advice.