GbpUsd can drop to 1.25

8 במרץ 2022

After 2 false breaks above the falling trend line at the beginning of January and again at the beginning of February, GbpUsd has resumed its downtrend and yesterday has broken the very important 1.32 horizontal support.
In my opinion, cable will continue its fall and 1.25 can be the target.
Sell rallies can be a good strategy and 1.32 can be a good zone to look for entries.
Resistance extends to 1.33