💷💵GBP/USD Continued Declines💷💵

💷💵GBP/USD Continued Declines💷💵

💷💵Since the declines that took place on 15 December, GBP/USD is still holding below the resistance zone marked on the chart.

💷💵There is an evident lack of upside strength and buying interest.

💷💵The support zone remains unchanged.

💷💵I expect that over the next few weeks a move up to the 1.16 area is very possible.

💷💵Looking at the MACD and RSI I have no doubts about the price direction.

💷💵The scenario I am playing out is a continuation of the decline. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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