GBPUSD - Price continues to decline
Updated
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At the start of the trading session, GBPUSD is showing a slight downward trend, with a target of 1.205. The next predicted trend is to find support at this level and then retest the area of operation for the ema 34 and 89. The price will quickly be pushed back when it encounters resistance at 1.217. Furthermore, the downward trend along the Trendline is still active, so the possibility of a price drop is expected and highly regarded.
What about you? What do you think, will GBPUSD rise or fall in price?
At the start of the trading session, GBPUSD is showing a slight downward trend, with a target of 1.205. The next predicted trend is to find support at this level and then retest the area of operation for the ema 34 and 89. The price will quickly be pushed back when it encounters resistance at 1.217. Furthermore, the downward trend along the Trendline is still active, so the possibility of a price drop is expected and highly regarded.
What about you? What do you think, will GBPUSD rise or fall in price?
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