GBPUSD Outlook! On the H1, GBPUSD made a significant drop, | FBS Analytics
GBPUSD Outlook!
On the H1, GBPUSD made a significant drop, but the price bounced off the 1.26200 support level, and now it is in correction, which allows us to conclude two scenarios:
If GBPUSD overcomes the resistance level of 1.2650, it will reach 1.2700 However, if the price breaks below the support at 1.2620, it will continue its bearish movement to 1.2510.
What do you think the GBPUSD is bullish or bearish today? Share your opinion in the comments!
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