GBP update

I was surprised after the strong GBP downtrend which I showed here broke upwards recently. However, the 3 year chart shows an extremely strong resistance above 1.52 and that's why GBP is continuing its downward journey today.

We will soon find out if the green channel is broken again downwards which would void that one as the main channel. If the prices make another lower low, another trendline will take shape and I'm watching that closely. Hope it helps.