GBPUSD Bear Market Continues Despite High UK Inflation

21 ore fa

The GBPUSD downtrend resumed despite UK inflation reaching a six-month peak at 2.3%. A bearish break below 1.261 can potentially trigger the downtrend to aim for the 1.245 mark.

Article: fxnews.me/gbpusd-bear-market-continues-despite-high-uk-inflation/

5 ore fa

Nota

GBPUSD remains bearish below the 50-period SMA at $1.27, targeting $1.245. Downtrend invalidated if GBPUSD exceeds 50-period SMA, backed by 23.6% Fibonacci.

Article: fxnews.me/gbpusd-below-key-fibonacci-as-ukraine-uses-uk-missiles/