On Thursday, the British pound increased slightly (22 points), but even this growth on the political crisis in England looked excessive. This morning, in the Asian session, this growth is already blocked by a falling candle.
The price found strong resistance on the balance line of the four-hour chart. Now we are waiting for the price on the line of the price channel of 1.2522. We hope that this time this line will be broken through and the price will go deeper down. The subsequent target of decreasing to 1.2400 and 1.2300.
The material has been provided by InstaForex Company – www.instaforex.com
GBP/USD
On Thursday, the British pound increased slightly (22 points), but even this growth on the political crisis in England looked excessive. This morning, in the Asian session, this growth is already blocked by a falling candle.
The price found strong resistance on the balance line of the four-hour chart. Now we are waiting for the price on the line of the price channel of 1.2522. We hope that this time this line will be broken through and the price will go deeper down. The subsequent target of decreasing to 1.2400 and 1.2300.
The material has been provided by InstaForex Company – www.instaforex.com
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