GBP/USD has reached 1,3250 area but failed to stay there as we have forecasted last time. The main reason is brexit. The results of negotiations are still indefinite. Investors fear of hard scenario. This is the main reason for pressure over GBP.
Technical image is the following. We think that GBP/USD is aiming at 1,3000 first. However, we don’t think that the currency pair has any potential to go lower. It is more likely to reverse somewhere close to 1,3000.
Technical image is the following. We think that GBP/USD is aiming at 1,3000 first. However, we don’t think that the currency pair has any potential to go lower. It is more likely to reverse somewhere close to 1,3000.