146
The GBPUSD currency pair has extended its decline, breaking through the intraday bullish trend line. This movement suggests further downward momentum in the coming sessions, with an initial target of $1.2890. A breach of this level could intensify the bearish trend, potentially pushing the price towards the support line of the bullish channel around $1.2705.
For today, the prevailing expectation is for a bearish trend on an intraday basis. However, should the price surpass $1.2990, it would negate the current negative outlook and possibly resume the primary bullish trajectory.
Advertisements
Advertisements
The anticipated trading range for today is between the support level at $1.2850 and the resistance level at $1.3000.
Advertisements
