GBPUSD price is trading in a downtrend, a downtrend channel has been formed relative to the price movement. The support 1.1600 was broken through without any price reaction to the level. Ahead is the support zone and another important level of 1.14000
I assume, since the price is headed to the support of the price channel, it would be logical to expect a pullback in the price after the support line of the price channel is tested.
I assume that we may see a pullback in the near future. The short-term target from the support area is the nearest resistance level 1.16000.
Regards R.Linda!
I assume, since the price is headed to the support of the price channel, it would be logical to expect a pullback in the price after the support line of the price channel is tested.
I assume that we may see a pullback in the near future. The short-term target from the support area is the nearest resistance level 1.16000.
Regards R.Linda!
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