GBPUSD Forex Analysis - Downtrend Continuation From 1.2448 Monthly Resistance

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD daily, 4-hour, and 15-minutes charts.
ACY Securities | 762 days ago
Stocktwits

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD daily, 4-hour, and 15-minutes charts.

Price rallied and held at the 1.2448 monthly resistance level yesterday.

1.2436-48 the 79% fib retracement level and monthly resistance level.

Watching for price to rally and fail at this intraday resistance area for a further decline targeting 1.2307 last week’s low.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Regulation: ASIC (Australia), FSCA (South Africa)
Tags: Analysis GBPUSD
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