GBPUSD’s downside movement from 1.3381 extended to as low as 1.2558. A further decline could be expected in a couple of weeks and the next target would be at the 1.2400 area.
GBPUSD’s downside movement from 1.3381 extended to as low as 1.2558. A further decline could be expected in a couple of weeks and the next target would be at the 1.2400 area.
Key resistance is at 1.2813 and a break of this level could bring the price back towards the falling trend line on the daily chart.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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