GBP/USD Bearish Targets
GBP/USD is poised for a downtrend with targets at 1.26600, 1.26400, or 1.26200. Take profit at any of these postions (Black boxes) as long as the price breaks and retests the support lines.
Technical indicators signal weakening bullish momentum, supported by Brexit uncertainties and monetary policy divergence favoring the US dollar. Traders should monitor closely for potential short positions, considering risk management strategies.
Technical indicators signal weakening bullish momentum, supported by Brexit uncertainties and monetary policy divergence favoring the US dollar. Traders should monitor closely for potential short positions, considering risk management strategies.
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.