GBPUSD Possible Move
Given the divergence observed in the market, anticipating a correction that could potentially reach the 50% retracement level of the previous impulse trend or the weekly imbalance serving as a key support level.
Note
As we can observe, the GBPUSD is currently following our analysis, as we predicted a downtrend from the top. If we witness any uptrend before reaching the 1.22000 level, it may be a trap. Therefore, it is advisable to avoid any buy positions until the price reaches that 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.
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.