Currently, GBPUSD is showing signs of weakness and may dip slightly towards the 1.3000 to 1.3060 area. A daily Fair Value Gap (FVG) exists in this zone on the lower timeframes, which could act as a strong support area. From that point, we may see a significant bullish move.
In summary:
Current Bias: Short-term bearish
Expected Retrace: To the 1.3000 – 1.3060 zone (daily FVG)
Expected Move: Strong bullish rally from that support
Please note that this is a technical outlook, not financial advice. Always do your own analysis and manage risk carefully in live market conditions.
In summary:
Current Bias: Short-term bearish
Expected Retrace: To the 1.3000 – 1.3060 zone (daily FVG)
Expected Move: Strong bullish rally from that support
Please note that this is a technical outlook, not financial advice. Always do your own analysis and manage risk carefully in live market conditions.
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.
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.