India Crypto Exchange

Best Bitcoin Trading Platform

GBP/USD Sees Bear Pressure, Risk Remains Lower

GBP/USD Sees Bear Pressure, Risk Remains Lower

GBP/USD: The pair continues to hold on to its downside pressure. Support lies at the 1.3000 level where a break will turn attention to the 1.2950 level. Further down, support lies at the 1.2900 level. Below here will set the stage for more weakness towards the 1.2850 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.3100 levels with a turn above here allowing more strength to build up towards the 1.3150 level. Further out, resistance resides at the 1.3200 level followed by the 1.3250 level. On the whole, GBP/USD continues to face downside risk on corrective pullbacks.

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments