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.
The pair has pulled back during yesterday after failing to penetrate resistance level at 1.1170 reaching support at 1.1080.
Prices has risen today for testing the broken uptrend then pulled back again
The index has fallen sharply breaking the pattern that we have mentioned
We have mentioned yesterday about targeting 1277$ (Bump and Run pattern target)
The pair has risen with the beginning of trading day after bouncing form support level at 143.36
We have mentioned yesterday if prices trading below level of 124.50
The pair had failed to penetrate resistance level of 0.6945
© 2022 Equiti, Todos los derechos reservados