GBP/USD retested the broken support zone and as I mentioned in my previous idea, GBP/USD Started dropping after retesting the broken Support area. Currently the sell from the broken support level is running with 100 plus pips profit and I expect the downtrend to continue.
Fresh sellers can enter new sell trades on pullback and ride the next bearish wave till 1.23.
If US Dollar strength continues amid rising geopolitical risks, then I expect GBP/USD to hit 1.21 within the next 2-3 weeks.
Fresh sellers can enter new sell trades on pullback and ride the next bearish wave till 1.23.
If US Dollar strength continues amid rising geopolitical risks, then I expect GBP/USD to hit 1.21 within the next 2-3 weeks.
Trade active
Looks like the pullback is done.
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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.