The GBPUSD experienced a significant decline yesterday following
The GBPUSD experienced a significant decline yesterday following the release of CPI data. After reaching a new intraday low, a corrective movement began. The market was showing steady growth within a bearish flag pattern.
To anticipate a bearish trend continuation, look for a bearish breakout below the flag's support level. If the price breaks and closes below this level on a 1-hour time frame, a further bearish movement can be anticipated.
The target for this bearish continuation is set at 1.2490.
To anticipate a bearish trend continuation, look for a bearish breakout below the flag's support level. If the price breaks and closes below this level on a 1-hour time frame, a further bearish movement can be anticipated.
The target for this bearish continuation is set at 1.2490.
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