![(26 JUNE 2017)GBP / USD:Strengthening within downtrend bearish move. (26 JUNE 2017)GBP / USD:Strengthening within downtrend bearish move.](https://c.mql5.com/6/779/splash-699376.jpg)
(26 JUNE 2017)GBP / USD:Strengthening within downtrend bearish move.
26 June 2017, 13:34
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
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Strengthening within downtrend bearish
move.
• GBP/USD is still bouncing higher since the pair
failed to hold below former hourly support given
at 1.2636 (09/06/2017 low). Hourly resistance lies
at 1.2818 (14/06/2017 high). Expected to show
further renewed selling pressures.
• The long-term technical pattern is even more
negative since the Brexit vote has paved the way
for further decline. Long-term support given at
1.0520 (01/03/85) represents a decent target.
Long-term resistance is given at 1.5018
(24/06/2015) and would indicate a long-term
reversal in the negative trend. Yet, it is very
unlikely at the moment.
(By Yann Quelenn)