GBPUSD Pair Analysis Expected Scenario The GBPUSD pair broke strongly below the 1.2480$ level and settled below it, reinforcing the expectations of continuing the correctional bearish trend. The next target is expected to be 1.2385$, representing the 61.8% Fibonacci correction level for the rise measured from 1.2069$ to 1.2893$. Note that breaking the targeted level will likely push the price...

GBPUSD Price Analysis The GBPUSD price resumes its negative trading after testing the 1.2480$ level in the previous sessions, nearing our awaited target at 1.2385$. This level represents the 61.8% Fibonacci correction level for the rise measured from 1.2069$ to 1.2893$. Breaking this level will likely push the price to achieve additional negative targets, reaching 1.2265$. We continue to suggest...

GBPUSD Price Analysis Expected Scenario The GBPUSD pair ended yesterday with strong negativity, breaking the 1.2580$ level and closing the daily candlestick below it. This confirms the return of bearish correction domination and indicates a move towards achieving negative targets starting at 1.2480$ and extending to 1.2385$ after breaking the previous level. Expected Outcome We expect to witness more decline...

GBPUSD Pair Analysis Expected Scenario The GBPUSD pair tested the key resistance at 1.2580$ and bounced bearishly from there, indicating the continuation of the bearish trend for the upcoming period. The next negative target is the 50% Fibonacci correction level at 1.2480$. Moving below the EMA50 supports the continuation of the suggested bearish wave. Breaking the targeted level will extend...