GBPUSD: Bearish Outlook Explained 🇬🇧🇺🇸
https://www.tradingview.com/x/vhsu4Vxn/
GBPUSD is trading in a bearish trend on a daily.
The price broke and closed below a key daily horizontal support last week.
The broken structure and a falling trend line now compose the contracting supply zone.
We already saw a strong rejection from its lower boundary on Monday.
Bears will most likely keep dominating.
Next support 1.24
For entries, consider the underlined blue area.
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GBPUSD is trading in a bearish trend on a daily.
The price broke and closed below a key daily horizontal support last week.
The broken structure and a falling trend line now compose the contracting supply zone.
We already saw a strong rejection from its lower boundary on Monday.
Bears will most likely keep dominating.
Next support 1.24
For entries, consider the underlined blue area.
❤️Please, support my work with like, thank you!❤️
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