GBPUSD
📣 Examining the pattern of the trend shows that the price movements are developing within the range of the drawn neutral channel. Breaking out of the ceiling range of this channel, which is at the level of 1.2692 - 1.2718, requires fundamental data that will give the dollar a bearish direction.
📣 The ceiling established on February 22, has been created in a very important price and time range, which shows the potential for further downside. If the price fails to break 1.2718 and reaches below 1.2648, we can expect further decline to the range of 1.2600 and 1.2580.
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Almost Done!
Dara Golbon