GBPUSD

GBPUSD parity also experienced a sharp decline parallel to EURUSD. EMA20, which we consider as an important support, was also lost. A decline occurred to the 50-day average that we pointed out. The decline may continue below 1.2407 to the 1.2350 band. Support: 1.2378 – 1.2350 Resistance: 1.2407