GBPUSD → Weak pound sterling will test new lows

2024年4月12日

GBPUSD is going to leave the sideways range with the negative fundamental background. On D1 the price is breaking the trend line, and at the same time the dollar is conquering new highs.



The pair is declining amid the strengthening of the dollar index, which is connected with the news on inflation. The medium-term outlook is defined and thus gives us an indication of a possible decline.
At the moment the key area is the zone of 1.2518. A breakout and consolidation of the price below this zone will be a confirmation of the bears' intention to go even lower. The pound is weak and may update the lows.

Resistance levels: 1.25697
Support levels: 1.2518, 1.24489

Technically, amid the strong dollar, the pound is testing new lows and is preparing to go even lower. I do not think that the bulls at 1.2518 will hold the price for a long time. We are waiting for a breakout and further decline.

Regards R. Linda!

2024年4月16日

交易結束：目標達成

The first target has been reached

2024年4月17日

交易進行

Bearish market situation persists

2024年4月19日

交易結束：目標達成