The GBPUSD pair is bearish on the 4-hour chart, with expected support levels of 1.19747 and 1.19500. Price may reverse and test 1.22202, but could also retrace to 1.22200-1.22511 before reaching support. Fed Chair Powell's speech and UK GDP report could affect price movement and cause volatility.
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As predicted, the price reached the critical support level. What's next?Please pay close attention and follow me for more updates.
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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.