The currency pair attempted to grow last week but failed. GBP/USD stays below 1.2372 at press time.
There was no important news from US and UK. The markets are still influenced by the global crisis fears.
We expect GBP/USD to develop its downtrend targeting 1.2108. This scenario will be cancelled if GBP/USD retests 1.2372.
There was no important news from US and UK. The markets are still influenced by the global crisis fears.
We expect GBP/USD to develop its downtrend targeting 1.2108. This scenario will be cancelled if GBP/USD retests 1.2372.
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Disclaimer
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.