Cable Expected To Be Rejected Below 1.23948

GBPUSD last week closed positive, however, the bearish undertone observed on the final trading day. This occurrence heightens the probability of the forthcoming trading week commencing on a downward trend. If the pair is rejected below 1.23948, the likelihood of a retest of the recently established high at 1.23948 increases.

In the event that the GBPUSD pair is not subjected to buying pressure or successfully breaches the specified level accompanied by a strong bearish candlestick, the pair is expected to dip further.

N.B!
- GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades

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