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    HomeContributorsTechnical AnalysisGBPUSD: The Risk Stays Seen higher, With the Medium-Term Downtrend

    GBPUSD: The Risk Stays Seen higher, With the Medium-Term Downtrend

    ThinkMarkets
    By ThinkMarkets

    A clear break below the support at 1.27 is needed to resume the bearish trend

    GBPUSD fall further to test support at 1.2715/18, and this has managed to hold for now. So, Further consolidation above here should be expected and near-term resistance is seen at 1.2880. However, our bias stays bearish.

    ThinkMarkets
    ThinkMarketshttps://www.thinkmarkets.com/
    ThinkMarkets® is a leading broker offering Spread Betting and CFDs on Forex, Indices, Metals and Commodities. With headquarters in London, Melbourne and China, ThinkMarkets® core service includes competitive spreads, free access to charting tools, an award-winning in-house built platform (ThinkTrader™) and multi-lingual customer support 24/6. Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure.

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