Buy GBPUSD
The GBPUSD is encountering a formidable resistance zone between the levels of 1.26720 to 1.26850. Within this range, there is a convergence of factors including previous swing levels, the 50% Fibonacci retracement level, and an impending trendline break. Conversely, buyers will be looking for a break above this resistance to negate the bearish setup and bolster bullish sentiment towards the 1.28 resistance level.
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.