GBPUSD STRUCTURE ANALYSIS|RESISTANCE AHEAD
GBPUSD is now trading within the influence of several support-resistance lines and is approaching a strong resistance area with 3 breakout attempts held.
Confluence of the support-resistance lines is forming a bullish triangle, indicating a potential further weakening of the dollar.
However, the resistance is strong enough and therefore I am bearish short term.
Also, in my recent dollar index "DXY" analysis, I am pointing out that the most significant support lines remain intact which makes the dollar surge a strong possibility.
Anyway, the short from that level will be a counter trend trade so be careful and wait for confirmation.
Thank you for reading, and have a nice day!
✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Related publications
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.