GBPUSD resumes decline
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GBPUSD 6H NEW FORECAST
The British pound pair against the dollar tested the 1.2500 barrier and found good support there, waiting for a negative incentive that will help push the price to continue declining and achieve our main expected target at 1.2513, keeping in mind that breaking this level will put the price under additional negative pressure, with its next target reaching the 1.2451 areas.
Therefore, we continue to favor the downward trend for the coming period, which receives good support from the moving average of 50, keeping in mind that breaching 1.2590 will stop the expected decline and lead the price to recover again.
The general trend expected for today: Bearish
GBPUSD 6H NEW FORECAST
The British pound pair against the dollar tested the 1.2500 barrier and found good support there, waiting for a negative incentive that will help push the price to continue declining and achieve our main expected target at 1.2513, keeping in mind that breaking this level will put the price under additional negative pressure, with its next target reaching the 1.2451 areas.
Therefore, we continue to favor the downward trend for the coming period, which receives good support from the moving average of 50, keeping in mind that breaching 1.2590 will stop the expected decline and lead the price to recover again.
The general trend expected for today: Bearish
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