GBP is trading very weak and failed to stabilize above 1.2795. Trading remained below the mentioned level most of the time, weakening the upside potential and showing that the pair does not have bullish momentum.
Prices are moving currently inside an ascending channel near to the bottom line and support
Prices currently is moving in a sideways channel tends to decline between resistance level
Prices still moving inside the ascending channel and trading currently at levels of 1.2987,
The pair has fallen in the beginning of trading day after failing to penetrate 1.1210.
Prices managed to break through resistance level at 49.60$, we expect further rising
Currently prices testing the trend of broken expanding wedge, and pulled back from it,
The level of 1246$ provided a support for gold prices, and currently expect further rising for testing resistance
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