British Pound / U.S. Dollar
Short
Updated

GBPUSD - CONTINUES THE BEARISH

146
Generally, the direction is a downtrend

Uptrend Side: The price needs to break out of the channel by closing a 4-hour candle above 1.2808 to potentially reach 1.2936.

Downtrend Side: However, as long as the price remains within the channel and below 1.2808, the bearish trend will remain active, targeting 1.2624 and, subsequently, 1.2530.

Tendency Keys: 1.2808
Trade active
As previously mentioned, the price reached the upper boundary of the channel before declining to 1.2624, with further potential to drop toward 1.2530.

snapshot
Trade closed: target reached
Fell and broke the 1.2624 by closing the 1W candle, currently the next bearish for the next week confirmed

snapshot

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.