GBPUSD: Facing obstacles on the road to recovery.
Updated
Karina hello everyone, what do you think about GBPUSD?
Today GBPUSD faces some downside in its recovery. Accordingly, GBP/USD fell to nearly 1.2680 during the Asian session early in the day. The British Pound lost ground against the US Dollar due to risk aversion, which could be due to concerns about geopolitical risks, which dominate the psychology of market participants and are the psychological arrow that makes investors Investors sell GBPUSD, causing the pair to fall in price.
Besides that information, from the 4-hour analysis chart, this pair also broke out of the rising trendline, so the price may still continue to weaken.
And you, what do you think about the trend of GBPUSD?
Today GBPUSD faces some downside in its recovery. Accordingly, GBP/USD fell to nearly 1.2680 during the Asian session early in the day. The British Pound lost ground against the US Dollar due to risk aversion, which could be due to concerns about geopolitical risks, which dominate the psychology of market participants and are the psychological arrow that makes investors Investors sell GBPUSD, causing the pair to fall in price.
Besides that information, from the 4-hour analysis chart, this pair also broke out of the rising trendline, so the price may still continue to weaken.
And you, what do you think about the trend of GBPUSD?
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