Technical analytics

GBPUSD market technical outlook


 Daily chart:

Downswing was triggered, therefore most likely we’ll see continuation of the quotes’ decline in direction of the last local low (1.2786).



Local structure has tangible bearish momentum, therefore we can expect a start of new downswing after testing of PPZ 1.2923. Intraday target is support 1.2844.



Pullback to 1.2923 and then decline towards 1.2844.

Trading recommendations:

Shorts from 1.2923 to 1.2844.


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