GBPUSD: The sellers still have the upper hand.
Currently, GBPUSD is moving around 1.305 at the beginning of the weekend trading session with the weakness continuing since the beginning of the week.
Although there is a recovery, it is only short-term and is a trend correction. With a strong reversal from the EMA 34, 89, this currency pair is still heavily influenced by the technical selling sentiment.
In the short term, we expect to continue to prioritize selling with the profit-taking target right at the limit of the downtrend line marked on the chart.
Although there is a recovery, it is only short-term and is a trend correction. With a strong reversal from the EMA 34, 89, this currency pair is still heavily influenced by the technical selling sentiment.
In the short term, we expect to continue to prioritize selling with the profit-taking target right at the limit of the downtrend line marked on the chart.
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