The pair has been falling since the 12 of November 2021. The price managed to break critical support levels like 0..85355, 0.84725 and 0.84202. Even thought the price managed to close below level 0.84202 on the 17th I’ve been expecting buyers to act. I don’t see the price continuing with a further downward movement. Looking at the picture below we can see that the price is trading inside a descending channel. Buy orders should be triggered above level 0.84202, targeting level 0.86296.
https://teptforex.co.za/key-support-levels-for-eurgbp-gbpusd-gbpchf-and-nzdusd/
https://teptforex.co.za/key-support-levels-for-eurgbp-gbpusd-gbpchf-and-nzdusd/