GBPUSD continues to decline
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Brian greets everyone.
Today, GBPUSD continues to trade at a low price, currently at 1.215. As seen on the 4-hour chart, it can be observed that GU is still moving below the EMA 34 line, indicating that the downward trend is not yet over. From the previous trend, it is clear that every time it touches the EMA 34 (YELLOW LINE), there will be a decline.
Furthermore, the descending channel has not been broken yet. Due to these factors, in Brian's personal opinion, Brian predicts that the price of GU will continue to decrease today, potentially reaching a lower level of around 1.200.
Today, GBPUSD continues to trade at a low price, currently at 1.215. As seen on the 4-hour chart, it can be observed that GU is still moving below the EMA 34 line, indicating that the downward trend is not yet over. From the previous trend, it is clear that every time it touches the EMA 34 (YELLOW LINE), there will be a decline.
Furthermore, the descending channel has not been broken yet. Due to these factors, in Brian's personal opinion, Brian predicts that the price of GU will continue to decrease today, potentially reaching a lower level of around 1.200.
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