GBPUSD → Waiting for a decline to 1.2300
Updated
GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a resistance retest is forming, there are no prerequisites for resistance breakout. Against the backdrop of the strengthening of the dollar index, the pound sterling is losing ground and declining. This decline may continue towards the lower boundary of the trend.
Resistance levels: 1.252, 1.257
Support levels: 1.2422, 1.2300
Technically, we have a bearish trend and weak fundamental background for the currency pair, which generally determines the medium-term prospects for us. We are waiting for a decline to 1.2300
Regards R. Linda!
Trade active
Weak reaction to the news. The fall may continue
Trade active
Resistance Retest. Could be a false breakdownTrade active
Currency pair falls amid dollar growth
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