GBP-USD
The pound against the dollar is currently under the influence of volatility following US inflation data. The current price is located around the support and not only thanks to the lower lows that we can see on the H4 chart, we can see the selling pressure. It is now possible that the price will continue to decline and break the current support. This would lead the price to further support, where a possible Take Profit is also located.
The pound against the dollar is currently under the influence of volatility following US inflation data. The current price is located around the support and not only thanks to the lower lows that we can see on the H4 chart, we can see the selling pressure. It is now possible that the price will continue to decline and break the current support. This would lead the price to further support, where a possible Take Profit is also located.
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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.