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RKarina

GBPUSD: Drops below 1.2700 on notable US Dollar demand

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
RKarina Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Technical Indicators GBPUSD optionsstrategies intradaytrade Forex signals Technical Analysis longsetup
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trendanalysis harmonicpatterns indicator gbpusd optionsstrategies intradaytrade forex signals technicalanalysis longsetup
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?
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