Is GBP/USD uptrend slowing down? + 414 Pips sell potential
Dear traders, it seems like GBP/USD uptrend might finally be slowing down.
Post FOMC, price might have done a false break of the upper trend line .
So, if that's the case, we can expect GBP/USD to decline in the next few days.
Potential targets for the sellers are 1.27, 1.2580 and 1.2390 eventually.
Post FOMC, price might have done a false break of the upper trend line .
So, if that's the case, we can expect GBP/USD to decline in the next few days.
Potential targets for the sellers are 1.27, 1.2580 and 1.2390 eventually.
Note
Hourly trend is tilted to the downsideNote
100 Pips profit
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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.
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.