GPB/USD is limited by a downtrend

The pair GPB/USD, despite the general downward dynamics, remains under pressure of Brexit risks and no agreements with the EU. As a result, this pair is expected to maintain a downtrend on a break from the upper boundary of the downward channel, which is located at 1.2900. Transactions for sale should be considered in the range from 1.2860 to 1.2830. With a further test of support levels: 1.2800-1.2780 and 1.2750-30. Fixing a pair above 1.2900-30 cancels expectations of a decline.

Read also: “Stock indices: the US market”

Hanzenko Anton

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