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.
We still expecting further rising for the pair targeting head & shoulder target at 0.7510
The pair has risen since the beginning of trading day reaching level of 1.3622
Decline pace has accelerated and sent the pair to lowest level since 25 April at 110.52
The pair has risen during yesterday trading reaching resistance level at 1.2987
We mentioned yesterday about targeting resistance level at 1.1140
Prices has fallen since the beginning of trading day and broke down a support level at 48.70$
Prices opened trading day lower as we expected, and we still expect further decline
Prices continued trading higher after breaking through resistance at 1236$
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