Market Instrument: GBPUSD
Timeframe: D1
Analysis: Technical
Structure: Channel and Key Level
Prediction: Bullish
GBPUSD is on a bear trend following the key level highlighted. This level is very important on a daily timeframe as it has acted as a support and resistance in the chart. If the price remains stronger on bullish pressure after a visit to this highlighted key level we have the potential of seeing a start of a bull trend in the coming weeks...
Timeframe: D1
Analysis: Technical
Structure: Channel and Key Level
Prediction: Bullish
GBPUSD is on a bear trend following the key level highlighted. This level is very important on a daily timeframe as it has acted as a support and resistance in the chart. If the price remains stronger on bullish pressure after a visit to this highlighted key level we have the potential of seeing a start of a bull trend in the coming weeks...
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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.