FX.co ★ GBP/USD analysis for October 30, 2018

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2754. According to the Daily time – frame, I found the bearish breakout of the 2-day balance, which is a sign that sellers are in control. The short – term trend is bearish and my advice is to go with direction of the trend. A downward take profit level is set at the price of 1.2660 (key short-term support).