GBP/USD pulled back from the Supply Area with a bearish pinbar candlestick formation in the daily chart. However, it was followed with a bullish hammer candlestick on Friday.
Due to this the outlook remains neutral.
I am looking at the 1.2450 key level. If bears break this key level, then we can expect a continuation of the downtrend. So, sellers must wait for a confirmation before putting new sells.
Due to this the outlook remains neutral.
I am looking at the 1.2450 key level. If bears break this key level, then we can expect a continuation of the downtrend. So, sellers must wait for a confirmation before putting new sells.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.