GBPUSD has formed the 2nd triangle. However, it's under the pressure at 1.3115, Sterling is likely to go down.
The target is 1.2955.
Turning point: 1.3115.
Under 1.3115, bearish , target price is set at 1.3020, then 1.2955.
Above 1.3115, bullish , target price is 1.3170,then 1.3215.
RSI technical indicators are bearish and have a further downward trend.
Prior Strategy:
The target is 1.2955.
Turning point: 1.3115.
Under 1.3115, bearish , target price is set at 1.3020, then 1.2955.
Above 1.3115, bullish , target price is 1.3170,then 1.3215.
RSI technical indicators are bearish and have a further downward trend.
Prior Strategy:
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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.