According to technical analysis, looking at GBPUSD the success of bears moing price below 1.22000 support confirms the reversal of the general short term trend which was bearish. On a long term perspective, the overall trend is still downward. The return of the GBPUSD bulls by pushing price above 1.24 -1.27 resistance level may give some new hope but until 1.3500 zone is broken, GBPUSD is in a downtrend.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !