GBPUSD TECHNICAL ANALYSIS SHORT TERM VIEW
GBPUSD has strong resistance 1.22100 to 1.22330 levels as red box marked in graph .At low level of 1.21103 irregular correction formed so it can fall below 1.2103 level .It has changed the short term trend and it is running in negative trend and stop loss is 1.22730 and intraday purpose targets are 1.2180,1.2170 and 1.2150 respectively.
QUICK FUNDAMENTAL LOOK
The British pound managed to find some support toward the end of last week after the British economy grew faster than expected. However, the support could turn out to be short-lived.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.