British Pound / U.S. Dollar
Short
Updated

GBP/USD - H1 - Bearish Flag (28.04.2025)

3โ€ฏ543
GBPUSD The GBP/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support โ€“ 1.3209
2nd Support โ€“ 1.3151

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Fundamental Update :
on Monday as the trade tensions between the U.S. and China provided some relief to investors, while a stronger dollar further weighed on prices.

The U.S. dollar DXY rose 0.2% against a basket of currencies, making bullion more expensive for overseas buyers. DJI SPX IXIC also rising .
Trade closed: stop reached

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