GBPUSD: The currency pair is in bearish hands. Falling further?
Updated
GBPUSD closes the week and Friday afternoon session below the key level of 1.2686.
Accordingly, the market is in the hands of sellers and bears. From the opening of the session, the fight for space may continue.
A pullback to the liquidity area of 1.2715 - 1.2345 may be formed, further it is worth paying attention to the support retest,
which will increase the chances of a breakout and further decline
Strategy:
If the price immediately begins to consolidate below the level, then further only decline to 1.264 - 1.259.
If the price starts to form a pullback from the opening of the session, it means that the market maker went for liquidity.
We are waiting for a retest of the support at 1.268
and further downward breakout.
Accordingly, the market is in the hands of sellers and bears. From the opening of the session, the fight for space may continue.
A pullback to the liquidity area of 1.2715 - 1.2345 may be formed, further it is worth paying attention to the support retest,
which will increase the chances of a breakout and further decline
Strategy:
If the price immediately begins to consolidate below the level, then further only decline to 1.264 - 1.259.
If the price starts to form a pullback from the opening of the session, it means that the market maker went for liquidity.
We are waiting for a retest of the support at 1.268
and further downward breakout.
Trade closed: target reached
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