GBPUSD Turns Lower From Resistance Confluence
GBPUSD turned lower earlier in the week, after pair found sellers at resistance zone/channel top confluence. Wednesday saw a Dark Cloud Cover reversal candle, with modest follow through on Thursday. Sellers will be looking to take out rising channel support at 1.32 and counting. A daily close above yesterday's high at 1.3376, would shift focus back on to the resistance zone/channel top above 1.34.
Note
Rising channel support comes in at 1.3213 today.Note
Pair remains bearish absent a daily close above Friday's open 1.3290 / breach of Friday's highsNote
Pair has found channel support - bearish bias invalidated.
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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.