Forecast GBP/USD
On Friday, the pound reached the settlement point of the ABC model. But judging by several indicators, the fall will not be limited to this. The number of buyers in drawdown is significantly higher than the number of sellers in drawdown: 42% by 14%. It is more profitable for marketers to pull the price down. The MACD indicator is gaining strength in the negative area. The price falls in the channel. All this speaks for the fall of the pound. Therefore, only sales are based on corrections. The next target is the support area of approximately 1.2150-1.2200.
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