GBPUSD: Drops below 1.2700 on notable US Dollar demand
Hello everyone, as we predicted, GBPUSD has continued to decline under the strength of USD's recovery. The current trading price is 1.268, firmly holding within the downtrend channel.
The next target is to push this pair up to the support level of 1.2625, after all the previous important defensive measures have been broken by sellers.
So what about you? Do you plan to continue selling this currency pair?
The next target is to push this pair up to the support level of 1.2625, after all the previous important defensive measures have been broken by sellers.
So what about you? Do you plan to continue selling this currency pair?
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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.