Hello dear readers! Are you wondering about the upcoming GBPUSD market?
Taking a look at the overall picture on our chart, it seems that the downtrend shows no signs of cooling down. GU continues to plummet to record lows in recent months and has not found support at the 1.231 price level. Therefore, it's not surprising that next week, when GU continues to decline, it won't be a big surprise.
Selena believes that the next target for GU could be a low price of 1.205, and then it will find strong support there and bounce back.
What about you? What do you think about the upcoming market?
Taking a look at the overall picture on our chart, it seems that the downtrend shows no signs of cooling down. GU continues to plummet to record lows in recent months and has not found support at the 1.231 price level. Therefore, it's not surprising that next week, when GU continues to decline, it won't be a big surprise.
Selena believes that the next target for GU could be a low price of 1.205, and then it will find strong support there and bounce back.
What about you? What do you think about the upcoming market?
Note
good luck everyoneNote
Ready to trade for the new weekNote
GU continues to decrease, the next scenario may occurNote
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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.
Related publications
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.