Price drops further on the short term and approaches the first warning line (wl1) of the ascending pitchfork, where he may find support again. GBP/USD decreased as expected, I’ve said that we may see a minor decrease after the failure to stay above the 150% Fibonacci line and after the false breakout above the upper median line (uml) of the minor descending pitchfork. Technically, it should approach the median line (ml) of the minor red descending pitchfork.
