GBPUSD Trade Analysis-
GBPUSD is bearish on the long-term outlook. The sellers continue to hold the GBPUSD market. The demand level of $1.2440 could not hold the price, in other words, the level could not withstand the pressure of the sellers. It penetrated the downside and exposed the price to the demand level of $1.22 today. currently, the price is sustaining at the minor support level of 1.2240 levels and if the price break that level it will move down further and we can see good downside movement.
GBPUSD is bearish on the long-term outlook. The sellers continue to hold the GBPUSD market. The demand level of $1.2440 could not hold the price, in other words, the level could not withstand the pressure of the sellers. It penetrated the downside and exposed the price to the demand level of $1.22 today. currently, the price is sustaining at the minor support level of 1.2240 levels and if the price break that level it will move down further and we can see good downside movement.