GBPUSD: Risk continues to decrease
Updated
Hello dear friends.
Last week, GBPUSD did not fare well as it continuously slid in price and did not receive much support for a recovery, as the USD has not weakened.
Today, at the opening of the trading session, this currency pair continues to maintain a downward trend with a price around 1.254, decreasing by 0.03% in the day.
From the close chart, it can be seen that the GBPUSD pair has formed a double top pattern and has broken through the support level of 1.26. As a result, the price has been continuously declining and is currently finding temporary support at 1.249. If the current support level is broken, it may decrease further and quickly move towards the round level of 1.2400.
Last week, GBPUSD did not fare well as it continuously slid in price and did not receive much support for a recovery, as the USD has not weakened.
Today, at the opening of the trading session, this currency pair continues to maintain a downward trend with a price around 1.254, decreasing by 0.03% in the day.
From the close chart, it can be seen that the GBPUSD pair has formed a double top pattern and has broken through the support level of 1.26. As a result, the price has been continuously declining and is currently finding temporary support at 1.249. If the current support level is broken, it may decrease further and quickly move towards the round level of 1.2400.
Trade active
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.