British Pound / U.S. DollarUpdated GBPUSD trend Breakout more significant fall,
GBP/USD potential movement in the near term.
The 1.3000 level is critical. If GBP/USD is currently nearing this level and starts to decline from there, it could lead to a more significant fall, as traders anticipate further weakness in the pair.
Support Levels: 1.29512 and 1.29150 are the key support levels.
the possibility of a correction downward. If the pair fails to hold above key support and resistance levels, the market might experience a deeper pullback, with traders watching for confirmation of bearish momentum.
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The 1.3000 level is critical. If GBP/USD is currently nearing this level and starts to decline from there, it could lead to a more significant fall, as traders anticipate further weakness in the pair.
Support Levels: 1.29512 and 1.29150 are the key support levels.
the possibility of a correction downward. If the pair fails to hold above key support and resistance levels, the market might experience a deeper pullback, with traders watching for confirmation of bearish momentum.
if you like this idea please support my work and fallow thanks for Love.
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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.