GBPUSD to start a downtrend
Most likely scenario: GBPUSD will go up to test the 1.29 level or levels close to it and then turn to the
downside. Look for positions with targets at 1.288 and 1.29
Alternative scenario: GBPUSD will not bounce from the 1.285 level and go straight into the downtrend, if that
happens it could go as low as 1.28 or even lower, to 2.75 in the longer term
Most likely scenario: GBPUSD will go up to test the 1.29 level or levels close to it and then turn to the
downside. Look for positions with targets at 1.288 and 1.29
Alternative scenario: GBPUSD will not bounce from the 1.285 level and go straight into the downtrend, if that
happens it could go as low as 1.28 or even lower, to 2.75 in the longer term