Prior GBP/USD:
GBP has now reached record lows against the USD, as USD continues to soar. The obvious mark that most trader are now looking at is 1.0000. If trends continue long term we may even see lower prices than this.
1.1200 is a strong level of resistance for this pair now and it may look for some rest bite as we head into the later stages of 2022. Unless we see any significant movements, the overall bias is still strong bearish.
GBP has now reached record lows against the USD, as USD continues to soar. The obvious mark that most trader are now looking at is 1.0000. If trends continue long term we may even see lower prices than this.
1.1200 is a strong level of resistance for this pair now and it may look for some rest bite as we head into the later stages of 2022. Unless we see any significant movements, the overall bias is still strong bearish.