GBPUSD – the currency pair remains under pressure

28.02.2024

Four-hour chart of GBP/USD. The currency pair tried to overcome the main resistance level (8/8) for a long time, but without success. Against this background, the price resumed its downward movement. Despite this, the currency pair can make one more retest of the marked resistance level and only then resume the decline. We consider this scenario as a priority today. The alternative variant assumes the price decrease from the current levels.

Recommendations: Sell 1.2715 TP 1.2615