British Pound / U.S. DollarUpdated GBPUSD: Bearish?
Hello everyone, what do you think will be the next trend of GBPUSD, an increase or a decrease?
Yesterday, GBPUSD faced further disadvantages and decreased in value. This decline has continued until today, and it is currently trading around the level of 1.263, losing 0.05% in the day.
From the analytical chart, it can be observed that GBPUSD has formed a downward trendline from two gradually lower peaks and has surpassed the support level of 1.264. Therefore, GBPUSD will continue to decline towards a lower level below the support range of 1.254 - 1.255.
Yesterday, GBPUSD faced further disadvantages and decreased in value. This decline has continued until today, and it is currently trading around the level of 1.263, losing 0.05% in the day.
From the analytical chart, it can be observed that GBPUSD has formed a downward trendline from two gradually lower peaks and has surpassed the support level of 1.264. Therefore, GBPUSD will continue to decline towards a lower level below the support range of 1.254 - 1.255.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.