4.2/5 - (5 votes)
September 01, 2022 @ 16:21 +03:00
• GBPUSD broke key support level 1.1800
• Likely to test major support level 1.1455
GBPUSD currency pair under the bearish pressure after the earlier breakout of the key support level 1.1800 (low of the previous medium-term impulse wave (3)).
The downward reversal from the resistance level 1.3200 stopped the earlier short-term correction 2.
Given the powerful weekly downtrend – Sterling can be expected to fall further toward the next major support level 1.1455 (former multi-month low from the start of 2020).