Technical
analysis:
GBP/USD
has been trading sideways
at the price of 1.2376 but I see potential for the downside breakout
of the consolidation.
Due
to the breakout of the bigger base in the background and potential
for the downside continuation, I see further downside movement
towards lower reference.
Downside
objective is set at the price of 1.2310
RSI
oscillator is showing bearish
divergence, which is good sign for the potential downside movement.
Key
resistance is set at the price of 1.2410The material has been provided by InstaForex Company - www.instaforex.com
http://dlvr.it/SwK0NK
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