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British Pound / U.S. Dollar
Short
Updated

GBP/USD - DESCENDING CHANNEL | ONE MORE LEG DOWN?

74
VERDICT: Local top reached in the descending channel. Local reversal expected to progress towards the next support level of {1.2160}
Note
snapshot
Looking for alternative short entries. Descending channel invalidation. Downtrend still intact. Downtrend invalidated when {1.2530} is breached.
JayanVarsani
Also on:
AUDUSDChart PatternsCurrenciesDXYEURGBPEURUSDForexGBPJPYGBPUSDTechnical IndicatorsTrend AnalysisUSD

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.
AUDUSDChart PatternsCurrenciesDXYEURGBPEURUSDForexGBPJPYGBPUSDTechnical IndicatorsTrend AnalysisUSD
JayanVarsani
Also on:

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.