Yesterday was more of a side ways trading day, with buyer only able to push price to 1.24855 – the weekly pivot.
Sellers, quickly jumped in, dragging price to where it all started.
Let’s see what we’ve got today.
GBPUSD forecast for today.
As it was yesterday, we are still bearish.
With the same targets of 1.23774, 1.23107 and 1.22632
But, after a price consolidation of the kind, don’t be surprised if sellers ram through these targets.
On the other hand, a bullish trading day will see price test the 1.25935 resistance level.
Anything happens in the market, so be careful and trade responsibly.
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