GBP/USD Holds Support at $1.2860

52
FenzoFx—GBP/USD downtrend eased at $1.2860. The bearish outlook remains valid as long as the price is below the $1.2960 resistance level, backed by the 50-period moving average.

However, bears must close below $1.2860 for the downtrend to resume.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.