GBPUSD is testing the all time low support

As it’s clearly seen on the chart, GBP is having one of the worst value of all times. Steep downtrend started in beginning of May is coming to a decision point to go up or down.

The price is now at 1,2093 and testing the last support of 1,20878 before ATL which is 1,1919. If it can bounce back from support and break the downtrend started in May, next resistance would be downtrend started in April 17th.

Hard times waiting the GBP, Brexit and other news will be dramatically important on value of GBP on following days.

Transaction en cours:

Value is going regarding to our draw. End of triangle will be coming in a few days and than we will see the movement.