GBPUSD is in a fairly strong and long-term downtrend. The price has a strong and old resistance level that is slightly above the channel resistance (dotted line)
The pound was testing support and after a false breakout it rolled back to this level, but there was no breakout as such and the price is consolidating below the level
I expect the price to fall after fixing under 1.30725
Sincerely, R. Linda!
The pound was testing support and after a false breakout it rolled back to this level, but there was no breakout as such and the price is consolidating below the level
I expect the price to fall after fixing under 1.30725
Sincerely, R. Linda!
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