GBP/USD heading towards temporary support

1 min read

Daily Chart:

This currency pair is trending bearishly on the daily chart. The 1.2634 support level has been broken and price is heading towards the next support at 1.256, which may provide a temporary support if price reaches it.

 

15 Min Chart:

On the 15 Min Chart the pair is in a wave iii (Green). As expected the pair has broken the support and last leg wave v (Black) may conclude the wave (iii) Green.

 

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