$GBPUSD Downtrend continues

8 באפר׳ 2022

GBPUSD broke its upward sloping support line in June 2021 and has been trading in a downtrend ever since. The change of trend was also signalled by bearish RSI divergence. For now - the trend remains in place and first sign of change will be a daily close above 1.32. Through 1.30 targets 1.2730.