GBPUSD: One More Breakout 🇬🇧🇺🇸

10 Jan 2023

Take a look at that peculiar structure on GBPUSD.
1.207 - 1.2137 area, first, was a strong resistance.
After the breakout it turned into support and was respected many times,
then, it was broken again and turned into resistance from where a nice bearish move initiate the first week of this year.

And now, one more breakout.
So the broken structure is the support again.
The pair may bounce from that to 1.23 / 1.2425 levels soon.

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