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Home / Forex Analysis / GBP/USD Forecast: Downside Continuation, 1.34 Fails To Hold

GBP/USD Forecast: Downside Continuation, 1.34 Fails To Hold

Posted by: Forex Crunch in Forex Analysis January 27, 2022

The GBP/USD pair maintains a bearish bias as long as it stays under the channel’s downside line.  A valid breakdown below the 61.8% retracement level could signal potential drop towards the lower median line (LML). The US economic data could be decisive in the short term. Our GBP/USD forecast sees the pair accelerate its sell-off … Continued
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