GBPUSD is bearish! Guriforex trading signal 12 May 2023


GBPUSD is bearish!

GBPUSD fell to the support trendline. At the same time, the RSI broke the trendline predicting a downtrend continuation.
Thus, traders may look for the 1.2505 support breakout and sell the pair with targets at

Traders who like to risk may also look for sell trades inside the 1.2550 – 1.2580 resistance range.

Trade: Sell GBPUSD after a breakout of 1.2505 support or inside the 1.2550 – 1.2580 resistance range
Targets: On the chart 

TRADE WITH guriforex

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