The strong short-term decrease of GBP/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.3496 USD, a sale could be considered. The first bearish objective is located at 1.33821 USD. The bearish momentum would be boosted by a support break.
Sellers could then target the support located at 1.32660 USD. If there is any crossing, the next objective would be support 1.3297 USD. Caution, if there is a return to above 1.3196 USD, it should not be forgotten that the basic trend is not yet clear. Caution would be required.
The price registered an decrease of +0.09% on the session and was traded between 1.33797 — 1.34695 over the period.
pivot points M30
1.3500
1.33780
1.32660
Sellers could then target the support located at 1.32660 USD. If there is any crossing, the next objective would be support 1.3297 USD. Caution, if there is a return to above 1.3196 USD, it should not be forgotten that the basic trend is not yet clear. Caution would be required.
The price registered an decrease of +0.09% on the session and was traded between 1.33797 — 1.34695 over the period.
pivot points M30
1.3500
1.33780
1.32660