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GBPUSD






5/29/2017 4:01:05 AM

GBPUSD - Technical Analysis: Monday, 29/05/2017 08:01 GMT



The GBPUSD pair continues to decline heading towards retesting the previously breached neckline of the triple bottom pattern at 1.2706, which represents the main target of the current bearish wave, noting that we are waiting to resume the main bullish trend after the expected retesting process.

Thus, the bearish trend still expected in the coming period unless the price managed to rally to the upside and surpass 1.2895 barrier to settle above it.


Target
Risk


Support
Resistance


Trend Bearish

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