Hello Traders,
GBPUSD has now shifted into a downtrend. Our MA indicator is above price as well.
Now we are testing the support at 1.27100. As we are in a downtrend, I expect price to break that level. Then this support might act as a resistance, leading price to our next support level at 1.26800.
GBPUSD has now shifted into a downtrend. Our MA indicator is above price as well.
Now we are testing the support at 1.27100. As we are in a downtrend, I expect price to break that level. Then this support might act as a resistance, leading price to our next support level at 1.26800.
