GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD pair has completed a correction, reaching 1.2813, and initiated another decline wave. An impulse towards 1.2725 has been completed, with a narrow consolidation range forming around this level today. A downward breakout is possible, aiming for 1.2635 as a local target. Subsequently, a corrective phase towards 1.2750 (testing from below) is not ruled out, followed by a decline towards 1.2587, representing the downtrend’s first target.
Origin: RoboForex
