Will GBP/USD fall to 1.2350 in the next few days?
GBP/USD is demonstrating some bearish price action in the daily timeframe. The 1.2670 level is acting as a strong
resistance in the daily chart. If the resistance continues to hold, I am expecting further declines in GBPUSD
towards 1.2350 level.
I recommend selling the rallies in GBP/USD. Ideal sell entry would be close to 1.2670 level with Stop loss above
the resistance and TPs at 1.2550 and 1.2350 respectively.
resistance in the daily chart. If the resistance continues to hold, I am expecting further declines in GBPUSD
towards 1.2350 level.
I recommend selling the rallies in GBP/USD. Ideal sell entry would be close to 1.2670 level with Stop loss above
the resistance and TPs at 1.2550 and 1.2350 respectively.