💷💵Since the declines that took place on 15 December, GBP/USD is still holding below the resistance zone marked on the chart.
💷💵There is an evident lack of upside strength and buying interest.
💷💵The support zone remains unchanged.
💷💵I expect that over the next few weeks a move up to the 1.16 area is very possible.
💷💵Looking at the MACD and RSI I have no doubts about the price direction.
💷💵The scenario I am playing out is a continuation of the decline. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.