GBPUSD: Stabilizing the price waiting for new news!
Updated
Hello dear friends! What do you think, will GBP/USD rise or fall in price?
GBP/USD has been steadily declining since it left the peak of 1.228. If this pair fails to regain that level, then the target for further decline could be 1.214 before reaching 1.210.
In the case that GBP/USD stabilizes above 1.2250, 1.2300 and 1.2340 could be considered as the next resistance levels.
Tonight at 20:35, we will receive news from the Fed chairman's speech, so there won't be many notable developments in the current trading. The trend of GU will become clear after the news is released. Let's wait together with Karina!
GBP/USD has been steadily declining since it left the peak of 1.228. If this pair fails to regain that level, then the target for further decline could be 1.214 before reaching 1.210.
In the case that GBP/USD stabilizes above 1.2250, 1.2300 and 1.2340 could be considered as the next resistance levels.
Tonight at 20:35, we will receive news from the Fed chairman's speech, so there won't be many notable developments in the current trading. The trend of GU will become clear after the news is released. Let's wait together with Karina!
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Trade closed: target reached
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