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RalphBenjaminTrading

GBP/USD could test the level of 1.2600

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Libra esterlina/Dólar estadounidense (FX:GBPUSD)  
RalphBenjaminTrading Actualizado   
FX:GBPUSD   Libra esterlina/Dólar estadounidense
Trend Analysis Harmonic Patterns Technical Indicators GBPUSD optionsstrategies intradaytrade Forex signals Technical Analysis longsetup
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trendanalysis harmonicpatterns indicator gbpusd optionsstrategies intradaytrade forex signals technicalanalysis longsetup
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Overall, GBPUSD broke out of the bullish channel yesterday leaving the product significantly bearish with the price falling above the 1.2625 level. It is currently trading at 1.2637, with the correction marking a 0.03% decline on the day.

Looking ahead: GBP/USD could test the psychological support of 1.2600. If this level is breached, it could send the pair back to the March low of 1.2572.

I expect after it tests Fibonacci 0.618 or 05 it will be bearish to the specified targets
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