FX.co ★ GBP/USD analysis for November 12, 2018

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2840. According to the H1 time – frame, I have found that strong downward momentum, which is a sign that sellers are in control. I also found a bearish reading on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2700.