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GBPUSD Declines On Bear Pressure With Eyes On 1.2014 Zone

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
FXTechstrategy  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns Forex finance investing
3
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GBPUSD declines on bear pressure with eyes on 1.2014 zone in the days ahead. Support lies at 1.2014/00 area with a break below that level turning attention to the 1.1950 level. Further down, support lies at the 1.1900 level where a violation will shift focus to the 1.1850 level. Below here will open the door towards the 1.1800 level. On the upside, resistance is located at the 1.2100 with a break above there allowing for morel strength to build up towards the 1.2150 level. Further out, resistance stands at the 1.2200 level followed by the 1.2250 level. On the whole, GBPUSD retains its downside pressure with eyes on 1.2014/00 area.

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