Weekly reviews

Weekly GBPUSD market technical outlook

GBPUSD
Weekly chart:

As we see, scenario of decline from long-term resistance 1.3247 at the upper Bollinger band is completely proves itself.

Thus we can expect further decline of the british pound quotes in direction of the supports 1.2900 and 1.2553 (middle and lower Bollinger bands)

Expectations:

Decline in direction 1.2900 and 1.2553.

Trading recommendations:

Shorts in direction 1.2900 and 1.2553.