Technical analysis of GBP/USD pair for the week of May 4 to 9

Last week, the pair started moving up from the support line 1.2364 (red bold line) and tested the 21 average EMA – 1.2612 (black thin line), but then, after testing this line, the price went down by 128 points. There is a high possibility that the price may continue to decline this week. Trend analysis. […]