GBPUSD: Thoughts and Analysis
Today's focus: GBPUSD
Pattern – Impulse in a downtrend.
Support – 1.2330
Resistance – 1.2456
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at GBPUSD on the daily chart.
Today, we have broken down the current PA we are seeing and thinking about on the GBPUSD. We have touched on news to come and discussed the USD index.
Can buyers beat resistance and the down trend to start forming a new trend higher? Will we see buyers fail again, maintaining the pattern of LHs and LLs maintaining a new leg lower?
Good trading.
Pattern – Impulse in a downtrend.
Support – 1.2330
Resistance – 1.2456
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at GBPUSD on the daily chart.
Today, we have broken down the current PA we are seeing and thinking about on the GBPUSD. We have touched on news to come and discussed the USD index.
Can buyers beat resistance and the down trend to start forming a new trend higher? Will we see buyers fail again, maintaining the pattern of LHs and LLs maintaining a new leg lower?
Good trading.
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