GBPUSD: Bearish?
Updated
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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