After extending its plunge, GBPUSD consolidated within the 1.2715- 1.2765 range before breaking below it.
The price movement shows a potential slowdown in momentum.
If GBPUSD closes below 1.2665, the price may test the following support at 1.2615.
On the contrary, returning above 1.2715 could suggest a short-term recovery toward 1.2765.
The price movement shows a potential slowdown in momentum.
If GBPUSD closes below 1.2665, the price may test the following support at 1.2615.
On the contrary, returning above 1.2715 could suggest a short-term recovery toward 1.2765.
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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.