GBP/USD Review, September 30-October 4, 2019
30 September 2019
The currency pair ended its correction movement and resumed the downtrend last week. GBP/USD has broken down the support at 1,2372.
There was no important data last week. The currency pair is under the pressure due to the upcoming Brexit deadline. There is still no deal and this fact makes GBP/USD to go even lower.
GBP/USD is able to resume its initial downtrend and to break down the closest support area at 1,2108. However, there is a probability of retest of the closest resistance at 1,2372.
