GBPUSD price analysis in the end of current week
Greetings, community members! The GBP/USD exchange rate has seen a rise to around 1.255 due to the British Pound gaining strength following the release of positive UK economic data. However, the pair has retraced from its recent high, a typical correction in the market.
As of the latest update, the price stands at 1.253 and is potentially exposed to further correction. Additionally, in the H4 time frame, an inside bar pattern has formed, indicating a downtrend with an anticipated decline to 1.24. I'd love to hear your thoughts on this matter. Do you share the same perspective?
As of the latest update, the price stands at 1.253 and is potentially exposed to further correction. Additionally, in the H4 time frame, an inside bar pattern has formed, indicating a downtrend with an anticipated decline to 1.24. I'd love to hear your thoughts on this matter. Do you share the same perspective?