GBPUSD: Bearish Trend Continues
The GBPUSD pair successfully violated a key daily support level and closed below it, last week.
Upon retesting this level, the price rebounded and broke through a support line of an expanding rising wedge pattern.
This suggests a strong likelihood of a continuation of the bearish trend.
There is a high chance that the price will reach the 1.2106 level soon.
Upon retesting this level, the price rebounded and broke through a support line of an expanding rising wedge pattern.
This suggests a strong likelihood of a continuation of the bearish trend.
There is a high chance that the price will reach the 1.2106 level soon.
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