GBPUSD → Waiting for a decline to 1.2300

2024年5月1日

GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario.



Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a resistance retest is forming, there are no prerequisites for resistance breakout. Against the backdrop of the strengthening of the dollar index, the pound sterling is losing ground and declining. This decline may continue towards the lower boundary of the trend.

Resistance levels: 1.252, 1.257
Support levels: 1.2422, 1.2300

Technically, we have a bearish trend and weak fundamental background for the currency pair, which generally determines the medium-term prospects for us. We are waiting for a decline to 1.2300

Regards R. Linda!

2024年5月1日

交易進行

Weak reaction to the news.
The fall may continue

2024年5月2日

交易進行

Resistance Retest. Could be a false breakdown

2024年5月2日

交易進行

Currency pair falls amid dollar growth