GBPUSD A continuation of the downward trend within the established descending channel still seems likely, but today a key support level is located on the way to the continuation of the price decline. This key level is located in the price range of 1.2675-1.2668, and a 30 min close below 1.2675 will confirm the continuation of the price drop to the levels of 1.2647 and 1.2639. But in case such a failure is observed, due to the downward momentum of MACD and the return of RSI in the overbought range, the expectation of continued growth up to the price level of 1.2713 is a priority.
Dara Golbon
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