GBPUSD TECHNICAL ANALYSIS
- Structure: upward
- Daily Currency strength: 85% weak
- Expectation: short reversal
The technical picture is definitely bearish over the medium-term, with the bearish symmetrical price channel holding the price shown in the chart below.The short-term picture is bullish as we have seen the price rise quite strongly in recent hours. However, the price is now close to what looks to be a very pivotal point at 1.2503
- Daily Currency strength: 85% weak
- Expectation: short reversal
The technical picture is definitely bearish over the medium-term, with the bearish symmetrical price channel holding the price shown in the chart below.The short-term picture is bullish as we have seen the price rise quite strongly in recent hours. However, the price is now close to what looks to be a very pivotal point at 1.2503
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