GBP/USD may fall 59 - 82 pips
Our preference: The downside prevails as long as 1.3253 is resistance.
Alternative scenario: Above 1.3253, look for 1.3292 and 1.3315.
The RSI is below 50.
The MACD is below its signal line and negative.
The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3243 and 1.3249).
Alternative scenario: Above 1.3253, look for 1.3292 and 1.3315.
The RSI is below 50.
The MACD is below its signal line and negative.
The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3243 and 1.3249).
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