GBP/USD has been trading in an uptrend channel since mid March. However, fundamentals are weighing heavily on the pound, which has already fallen from its highs. If the pair were to lose the uptrend channel and support around 1.52, we could see an accelerated move towards 1.50 at first and perhaps towards the 1.48 bottom later on.
Comments
HughGRection
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Not really a great spot to get short right now, but I think any rally will still be capped by 1.542.
Nickmail
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then 1.43 & maybe then - i expect Britain will enter EUR when the level the price of the pound to the euro
Nickmail
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1.47
LEONES
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Didn't notice that channel,good - I'm bull
QuantitativeExhaustion
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Too many betting this trades lower. Not a trend I want to participate in.