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GBPUSD: Price decline has not stopped

Paun British / Dolar A.S. (FX:GBPUSD)  
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FX:GBPUSD   Paun British / Dolar A.S.
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GBPUSD: Not yet out of the downtrend

Today, GBPUSD continues to decline after breaking through various support levels, with the latest being the support level at 1.26. Overall, the depreciation of this currency pair is due to the stronger US dollar. In the event that no economic data is released from the United Kingdom later this week, this currency pair will still be subject to the volatility of the USD.

The low level of 1.247 may be retested if GBPUSD does not hold well above the support level at 1.253.
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