GBPUSD: Important Breakout & Bearish Outlook For Next Week

Short

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

Parallel Channel Rectangle Candlestick Analysis GBPUSD DJ FXCM Index USD dollar Forex pound forecast gbpusdsignals gbpusdshort

parallelchannel rectangle candlestick gbpusd usdollar usd dollar forex pound forecast gbpusdsignals gbpusdshort

snapshot

GBPUSD was consolidating within a horizontal range since the beginning of August.
After the Powell's speech yesterday, the market dropped and violated a support of the range.

It makes me think that the pair will go lower.
Next goal will be 1.2516

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