GBP/USD Bearish Outlook
Updated
Technical Analysis:
The GBP/USD currency pair experienced a strong rejection at the 1.26 level due to USD strength, indicating a continuation of the bearish trend. A small correction may occur before the price resumes its downward movement. Traders should watch for bearish confirmation signals during the correction phase. Key support levels should be considered as potential targets. It is important to factor in fundamental factors and employ risk management strategies. Technical indicators can be used to enhance analysis. Overall, caution is advised as the GBP/USD pair faces further downside potential.
GBPUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
The GBP/USD currency pair experienced a strong rejection at the 1.26 level due to USD strength, indicating a continuation of the bearish trend. A small correction may occur before the price resumes its downward movement. Traders should watch for bearish confirmation signals during the correction phase. Key support levels should be considered as potential targets. It is important to factor in fundamental factors and employ risk management strategies. Technical indicators can be used to enhance analysis. Overall, caution is advised as the GBP/USD pair faces further downside potential.
GBPUSD"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
Note
"After the retracement, the price shall continue to follow the bearish trend."Note
one of the TP reachedNote
The second TP has almost been reached, and the next one should be done next week.
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