It seems that, when looking at the H1 Chart, a Head and Shoulders pattern can be observed clearly. The GBPUSD is likely to continue its descent. However, better to wait for the important support level 1.3860 to break to limit the risk of loss.
On the upwards, the resistance level is 1.3896. Breaking that level might reach 1.3907. Not much of a move though.
-Monday today, no significant announcements scheduled
-The market is expected to be slow and in range.
On the upwards, the resistance level is 1.3896. Breaking that level might reach 1.3907. Not much of a move though.
-Monday today, no significant announcements scheduled
-The market is expected to be slow and in range.