GBP/USD bears are in control and have their eyes set on a daily downside extension. Bulls are testing the bear’s commitments at critical hourly resistance. Further, the start of the week’s, GBP/USD Price Analysis: Bears testing bullish commitments at critical support, a trade-pick from this weeks, The watchlist: Bullish gold, CAD bullish, EUR/USD bearish discount, CHF on the march, the price has deteriorated within bearish territory. The focus remains on the downside as per the prior analysis: Prior analysis, daily chart The bearish impulse has been corrected with the bulls taking on the bear’s commitments at resistance. A downside extension would be expected if bears step up to protect the resistance. Prior analysis, 1-hour chart Meanwhile, the hourly chart is telling ad offers a different vantage point. There could well be some consolidation to come over the coming sessions prior to a break of the support. A bearish head and shoulders could be in the makings. Live market, daily & 1-hour charts There are still prospects of a downside extension as the price continues to move lower. Meanwhile, as per the hourly chart, (above), the right-hand shoulder was formed and gave additional conviction to the downside bias with a perfect break and restest of the neckline for an optimal entry point. Bears that are late to the trade can contemplate an entry from the 1.3730/35 area where the 10 EMA meets a prior support structure that would be expected to act as resistance. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD pressured by strong US dollar FX Street 1 year GBP/USD bears are in control and have their eyes set on a daily downside extension. Bulls are testing the bear's commitments at critical hourly resistance. Further, the start of the week's, GBP/USD Price Analysis: Bears testing bullish commitments at critical support, a trade-pick from this weeks, The watchlist: Bullish gold, CAD bullish, EUR/USD bearish discount, CHF on the march, the price has deteriorated within bearish territory. The focus remains on the downside as per the prior analysis: Prior analysis, daily chart The bearish impulse has been corrected with the bulls taking on the bear's commitments at resistance. … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.