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GBPUSD






4/11/2017 1:38:11 AM

GBPUSD - Technical Analysis: Tuesday, 11/04/2017 05:38 GMT



The GBPUSD pair is retesting 1.2430 level, which forms important resistance against the intraday trades, while RSI moves near the overbought areas, to support the expectations of continuing the main bearish trend, which its next target located at 1.2346 then 1.2261.

Thus, the bearish trend will remain expected in the coming period, reminding you that surpassing 1.2430 will lead the price to visit 1.2536 that represents the most important resistance to continue the short term bearish trend.


Target
Risk


Support
Resistance


Trend Bearish

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