BIG SELL ON GBPUSD !
GBPUSD - OUTLOOK
➡️Bearish Scenario:
As long as the price remains below 1.28632, it is anticipated to drop to 1.26165. A further decline below this level could see the price reaching 1.23177.
➡️Bullish Scenario:
For a shift to a bullish trend, the price must reverse and stabilize above 1.29000, potentially targeting 1.30500.
💠Tendency: Bearish trend
In summary, maintaining a position below 1.28632 supports a bearish outlook, with lower support targets in focus. Conversely, trading above 1.29000 could indicate a bullish reversal, aiming for higher resistance levels.
➡️Bearish Scenario:
As long as the price remains below 1.28632, it is anticipated to drop to 1.26165. A further decline below this level could see the price reaching 1.23177.
➡️Bullish Scenario:
For a shift to a bullish trend, the price must reverse and stabilize above 1.29000, potentially targeting 1.30500.
💠Tendency: Bearish trend
In summary, maintaining a position below 1.28632 supports a bearish outlook, with lower support targets in focus. Conversely, trading above 1.29000 could indicate a bullish reversal, aiming for higher resistance levels.
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