GBP/USD Intraday Analysis (Bearish Outlook)
Sell Entry: 1.3390
Targets:
First TP (Target 1): 1.3350
Second TP (Target 2): 1.3300
Stop Loss / Resistance Zone: 1.3440
Technical Outlook
Trend: Price action is showing signs of a potential bearish correction after testing resistance near 1.3420–1.3440, which aligns with previous swing highs.
Bearish Confirmation: Rejection near 1.3440 and formation of bearish candles (e.g., bearish engulfing or pin bar) near this zone support the sell setup.
Sell Entry: 1.3390
Targets:
First TP (Target 1): 1.3350
Second TP (Target 2): 1.3300
Stop Loss / Resistance Zone: 1.3440
Technical Outlook
Trend: Price action is showing signs of a potential bearish correction after testing resistance near 1.3420–1.3440, which aligns with previous swing highs.
Bearish Confirmation: Rejection near 1.3440 and formation of bearish candles (e.g., bearish engulfing or pin bar) near this zone support the sell setup.
Trade active
HAVE A GOOD DAYS EVERYONE OUR TARGET DONE GBPUSD TOUCHED 1.3300 Disclaimer
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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.