Technical analysis of GBP/USD pair for the week of May 11 to 16

Trend analysis: This week, the price from the level of 1.2401 (closing of the last weekly candlestick) will move down with the target at 1.2284 – support line (red bold line), and if this line is tested, working up with the first upper target at 1.2462 – a pullback level 50% (red dashed line) will […]