Analysis on GBPUSD showing more bearish Pressure.
Analysis on GBPUSD showing more bearish Pressure.
The pound / dollar instrument continues to build a new downward trend. I recommend continuing to sell the instrument with targets near the level of 1.2764, which corresponds to the Fibonacci level of 50.0%. On the contrary, an unsuccessful attempt to break through the 38.2% Fibonacci level may lead to a small departure of quotes from the lows reached.
Bias: SELL at current PRICE 1.29800 SL 1.30690 TP 1.29016
The pound / dollar instrument continues to build a new downward trend. I recommend continuing to sell the instrument with targets near the level of 1.2764, which corresponds to the Fibonacci level of 50.0%. On the contrary, an unsuccessful attempt to break through the 38.2% Fibonacci level may lead to a small departure of quotes from the lows reached.
Bias: SELL at current PRICE 1.29800 SL 1.30690 TP 1.29016