GBP/USD
continues to fall and broke below 1.2200 level. The pair continued the decline
and in the afternoon pinned a new fresh low at 1.2126.
The pound is quite sensitive lately, but currently is hardly pressured by the
dark side of Brexit. Triggering of Article 50 gives a good reason of the
currency to slide along the fears and to slide further across the board.
Support
is now located at 1.2125/35 – today’s intraday low. Next one is the 1.2100
level, which is consider as a psychological. Looking to the upside, now the immediate
resistance is seen at the previous support at 1.2200. Next levels to watch are 1.2325 and the daily
high at 1.2365. Stochastic is pointing oversold market and RSI also
confirms the bearish trend.
No comments:
Post a Comment