Photo by John McArthur on Unsplash
Looking at GBPUSD Chart, we can see its gradual fall from the 1.36 level where it held strongly up until the early hour of 22nd of February when it experienced a retraction and the breakdown from the 1.34 level, down to 1.30 where it managed to form temporary support. It was last found trading at the 1.31 range having the closest overhead resistance at the 1.34 range.
Today we can expect a pattern continuation and move towards the 1.30 temporary support.
If however, it manages to hold on to the current level, then we could expect a move towards the 1.34 range.
(Click on image to enlarge)
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