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GBP/USD Risks Falling Under 1.23

Discussion in 'Technical Analysis' started by Kaitlin, Oct 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Monday ended with the British currency falling against the US Dollar, crossing the 1.24 level. Technical studies are now giving bearish signals, suggesting that another decline is due. The nearest level to limit the losses is located only at 1.2254, represented by the monthly S3, but the 1.23 major level[​IMG]

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