GBPUSD extended its downside movement from 1.4376 to as low as 1.3291. A further decline is still possible after a minor consolidation and the next target would be at the 1.3000 area.
GBPUSD extended its downside movement from 1.4376 to as low as 1.3291.
A further decline is still possible after a minor consolidation and the next target would be at the 1.3000 area.
The key resistance is at 1.3617, only a breakout of this level could signal completion of the downtrend.
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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