GBPUSD: Gradually cooling down
Updated
Hello dear friends! GBPUSD, despite being at a high level, is showing a gradual decrease in price and is being replaced by a downwards trend, as confirmed by the continuous formation of lower highs. The US Dollar continues to be seen as a safe haven and is putting pressure on this currency pair, making it difficult for them to find upward momentum.
If the current support level at 1.261 is broken, there is a high possibility that the price will quickly drop to the lower range of 1.253, possibly even as low as 1.247.
What are your thoughts on this currency pair?
If the current support level at 1.261 is broken, there is a high possibility that the price will quickly drop to the lower range of 1.253, possibly even as low as 1.247.
What are your thoughts on this currency pair?
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