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Forex: GBP/USD, medium term analysis
This currency pair has confirmed its bearish intention by going lower yesterday below the 1.4980 pivot level. Further downside movements are expected. The pair is expected to go, firstly on 1.4891 intermediate low and then to further on, at 1.4788 (127.2 Fibonacci level measured on the 1.4952 -1.5553 upside movement).
This currency pair has confirmed its bearish intention by going lower yesterday below the 1.4980 pivot level. Further downside movements are expected. The pair is expected to go, firstly on 1.4891 intermediate low and then to further on, at 1.4788 (127.2 Fibonacci level measured on the 1.4952 -1.5553 upside movement).