GbpUsd could reach 1.25 by Friday.
Like EurUsd, also GbpUsd failed to break above resistance and reversed.
Yesterday's drop cleared the ascending trend-line and now the pair is exactly in support.
A break under looks imminent and continuation to 1.25 is the most probable scenario.
In extension, swing traders could look at 1.2350 support as the target.
Sell rallies, ideally around 1.2650-1.2670 should be a great entry (I don't think it will rise there though)
Yesterday's drop cleared the ascending trend-line and now the pair is exactly in support.
A break under looks imminent and continuation to 1.25 is the most probable scenario.
In extension, swing traders could look at 1.2350 support as the target.
Sell rallies, ideally around 1.2650-1.2670 should be a great entry (I don't think it will rise there though)
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