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RKarina

GBPUSD: SELL?

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 dear friends,

Yesterday our GBPUSD experienced a significant downturn. Based on fundamental analysis, GBP/USD extended its losses and formed a 'bearish' candlestick pattern, indicating the potential for further decline. If sellers break through the psychological level of 1.2600, it could pave the way for a level of 1.2500. On the other hand, buyers should reclaim the 1.2700 level and expect some consolidation patterns.
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