- GBP/USD is tiring in the bid and bears are moving in for the kill.
- The week ahead holds a bearish bias, but there ios work to do.
GBP/USD ramped up a sixth consecutive day of gains after data showed the UK economy swung in the red by less than expected. the following shows the bias from the top-down analysis:
GBP/USD moving in on the lower time frames
A correction is underway for the week ahead.
GBPUSD H1 chart
Bears are monitoring for a break of trendline support. 1.3000 is eyed!
Source: https://www.fxstreet.com/news/gbp-usd-price-analysis-bears-are-licking-their-lips-significant-correction-could-be-on-on-the-cards-202307142014