GBPUSD Short-term Technical Outlook

These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.

Good evening traders!

This pair sees continued downside pressure right out of the open.

Below 1.229 should see lower prices with downside target of the 1.22 strong support figure.

Only a sustained break below 1.22 will expose further downside.

In the event of buyers stepping in off the 1.22 support figure see break above 1.229 resistance to take pressure off the downside.

At this time sitting on hands is preferred.

Enjoy!