GBPUSD WEEK 40 - NEW DOWN TREND!
The Cross has moved laterally on the last 10 bars (days) from FIBO 0 through FIBO 61.8 breaking down while flat market.
Volumes are out from the overbought level and we have on chart a new red candle.
It seems that a new bearish primary trend started and maybe is time to start selling.
First resistance at 177.