GBPUSD SELL !
GBPUSD - OUTLOOK
🕯The price has firmly settled in the bearish zone, consistently remaining below 1.28633. Accordingly, the target is confidently set at 1.26169.
➡️Bearish Scenario:
As the price continues to trade below 1.28633, a continued descent to 1.26169 is anticipated. A further decline below this level could propel the price to 1.23200.
➡️Bullish Scenario:
For a shift to a bullish trend, the price must convincingly reverse and stabilize above 1.29000, potentially aiming for 1.31437.
Tendency: Firmly bearish
In summary, maintaining a position below 1.28633 strongly supports a bearish outlook, with focus on lower support targets. Conversely, trading above 1.29000 could confidently indicate a bullish reversal toward higher resistance levels.
🕯The price has firmly settled in the bearish zone, consistently remaining below 1.28633. Accordingly, the target is confidently set at 1.26169.
➡️Bearish Scenario:
As the price continues to trade below 1.28633, a continued descent to 1.26169 is anticipated. A further decline below this level could propel the price to 1.23200.
➡️Bullish Scenario:
For a shift to a bullish trend, the price must convincingly reverse and stabilize above 1.29000, potentially aiming for 1.31437.
Tendency: Firmly bearish
In summary, maintaining a position below 1.28633 strongly supports a bearish outlook, with focus on lower support targets. Conversely, trading above 1.29000 could confidently indicate a bullish reversal toward higher resistance levels.
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.