GBPUSD: Bear Cycle confirmed, aiming at 1.2100BRITISH POUND / U.S. DOLLARFX_IDC:GBPUSDInvestingScopeGBPUSD is heavily bearish on its 1D technical outlook (RSI = 36.872, MACD = -0.007, ADX = 22.221) with the 1W RSI just now turning bearish (42.186) as it made this week a new 7 month low. The new Bear Cycle, similar to 2021-22 and 2018-19 has already started, validated by the 1W RSI which has been under LH for 13 months. All Bear Cycles in the past 10 years hit at least the S1 Zone. Expect to hit its top (TP = 1.2100) by early 2027. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##