GBP has been Bullish, however reacted at resistance area R2 with a pullback towards support floor level coincides with 20-w SMA at current closing price 1.37. We are optimist the currency pair could make a reversal movement to the upside towards out target at 1.48. However, should the selling momentum persist, the price could drop lower to 1.35.
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Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Previous report:
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
