GBPUSD Daily Analysis – July 11, 2019

GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2783. As long as the channel resistance hods, the bounce from 1.2439 could be treated as consolidation for the downtrend, further decline to 1.2400 area is still possible after the consolidation. Key resistance is at 1.2539, only break … Continue reading “GBPUSD Daily Analysis – July 11, 2019”