The currency pair dropped deeper and now is located at 1.2619. You knew from my previous analysis that the GBP/USD pair could resume its drop as long as it stays below the downtrend line.
I’ve told you that the 1.2625 former low represented a downside obstacle. So, only dropping below it may announce further drop.
GBP/USD Outlook!
Stabilizing below the 1.2625 obstacle confirms a deeper drop and is seen as a new selling opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
GBP/USD Downside Continuation!
The currency pair dropped deeper and now is located at 1.2619. You knew from my previous analysis that the GBP/USD pair could resume its drop as long as it stays below the downtrend line.
I’ve told you that the 1.2625 former low represented a downside obstacle. So, only dropping below it may announce further drop.
GBP/USD Outlook!
Stabilizing below the 1.2625 obstacle confirms a deeper drop and is seen as a new selling opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: