Hey Traders,
Let’s hit the charts and see how well we can prepare for Thursday’s market.
1. GBP/USD
Looking at the daily chart, we have a bearish outlook on the GBP/USD.
On the 4 hours chart, we can see that price formed a descending pennant. Personally I would be looking out for a breakout from the support level 1.21917.
If that happens, we could be seeing price hit the next possible support level (1.20261)
Do have a pip-full day ahead.
