Looking at GBPUSD Chart, we can see the worries of the Ukrainian war and the inflation worries in the US, putting USD in strong demand in the fx market, and therefore the pair GBPUSD is keep falling reaching the lowest rate of the year.
Today if the rate could not rise above its resistance level at around 1.3130, then we could expect a further decline of the rate towards its very strong support at around 1.30 where a technical rebound should be expected.
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