British Pound / U.S. Dollar

Short

GBPUSD Bearish Phase Point Towards The 1.3100 Price Range.

By AAresearchFX

Updated

Technical Analysis:

GBPUSD price retracement priced at 1.33/35 level, a Short entry range.
GBPUSD immediate short phase target priced at 1.318 in subsequent trading days.
GBPUSD price successfully breached the 1.338 yearly resistance to test the 1.35 higher high last week.
GBPUSD MACD indicator signals a diminishing bull volumes as price bull momentum slows in pace.

Note

GBPUSD price tests the 1.318 support S1 as bearish sentiment drives price low

snapshot

Note

GBPUSD price falls in the 1.3100 range

snapshot

Note

GBPUSD price approaches the 1.298 lower support as bearish bias remain strong

snapshot

Note

gbpusd bearish sentiment drives price lower

snapshot

Note

Day 4 of GBPUSD bearish price action

snapshot

Note

GBPUSD end of week downtrend exceeds bear target expectation

snapshot

Trade active

GBPUSD bearish bias bearing points toward the 1.2800 lower price range

snapshot

Trade closed: target reached

Trade active

GBPUSD NEW BULLISH BIAS

Trade closed: target reached

Also on:

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.