GBPUSD - Sellers incoming!
After a long uptrend, buyers are getting exhausted. They will likely push the trend just against the trendline one more time, but then the sellers will come in and drag the trend down, all the way through the 1.25000 support level, due to a fresh wave of buyers with a lot of momentum. Targets could be set at 1.24500. Happy trading!
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.