GBPUSD BTMM Analysis – Bearish Outlook

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GBPUSD BTMM Analysis – Bearish OutlookGreat Britain Pound vs US Dollar SPREAD BETACTIVTRADESSB:GBPUSDBeaucoupPipsFollowing the BTMM framework, GBPUSD appears to be continuing it's bearish movement. With TMEOW, the pair finishes the week above this week's opening. Day 1: We saw the initial push up creating the high. Day 2: Price formed the M-pattern and rejected from the upper levels. Day 3: Falls on the FMWB which could expect the pair to continue bearish after briefly consolidating. The intraday trendline has already been tested, and momentum indicators are signalling exhaustion at these highs. Unless price reclaims the previous peak, bias remains bearish, with expectation of further downside continuation towards lower liquidity pools. Bias: Bearish Target zones: 1.3400 – 1.3360