FX.co ★ GBP/USD

Of course it should be noted that on the GBPUSD pair there were still attempts yesterday to rise or to retrace, and it even made new local highs. But basically nothing has changed, because this entire retracement in no way breaks the main downward movement. And for that reason we are now descending again and pressing in a downward direction. Moreover, a local consolidation area around the lows is already taking shape. Although I wouldn’t yet say that we have any clear targets on either side. And of course it still matters how the dollar will trade going forward. In general, I personally still do not consider trades from these prices. But I believe we can drop below not only 1.32, but to 1.3140. And there I will be looking to buy.