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Aug 22 - 05:55 AM

GBP/USD - Tech Targets For A Likely GBP/USD Drop Below 2022'S Low

By Jeremy Boulton  —  Aug 22 - 04:25 AM
  • GBP/USD fast closing on 1.1761 2022 low, Aug 22 low 1.1788

  • Next targets below are 1.1518 and 1.1283 Brexit related low is 1.1413

  • The next long-term objective for GBP/USD is 1.1322

  • 1985's low at 1.0545 is target for a more substantial fall nL1N2ZV0EJ

  • Traders have slashed bets on a drop while pound keeps falling

  • Lack of shorts exacerbates downside risk



Source:
Refinitiv IFR Research/Market Commentary

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