Currently, GBP/USD is under a bearish trend, but a price break above the protected high could signal a shift to a bullish outlook.A notable institutional barrier appears around 1.29884, implying that significant market orders or a "sell wall" may be in place to prevent upward movement. This level acts as a protective ceiling, and failure to break above it reinforces the bearish trend, potentially steering GBP/USD toward lower support levels
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.
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.