Recently, the GBP/USD pair has been trading sideways at the price of 1.2884. According to the H1 time – frame, I have found that GBP/USD is in a consolidation phase. My advice is to watch for a potential breakout of the support trendline 1.2828 to confirm further downward continuation. The trend is bearish and my advice is to watch for selling opportunities. The downward target is set at the price of 1.2700.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the GBP/USD pair has been trading sideways at the price of 1.2884. According to the H1 time – frame, I have found that GBP/USD is in a consolidation phase. My advice is to watch for a potential breakout of the support trendline 1.2828 to confirm further downward continuation. The trend is bearish and my advice is to watch for selling opportunities. The downward target is set at the price of 1.2700.
The material has been provided by InstaForex Company – www.instaforex.com
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