Market Overview: GBP/USD Pattern Observed: GBP/USD showed a falling pattern yesterday.
Expected Move A further decline in GBP/USD is anticipated during the London session opening. Positive news from the US-China trade negotiations A favorable deal supports USD strength.
Trading Bias: Bearish on GBP/USD.
Short Trade Setup:
Target 1: 1.33000
Target 2: 1.31500
Note: Always monitor real-time price action and news updates. A retracement before continuation could occur, especially at key support/resistance zones.
Would you like a chart marked up with this analysis or more technical insights the support me traders Thanks.
Expected Move A further decline in GBP/USD is anticipated during the London session opening. Positive news from the US-China trade negotiations A favorable deal supports USD strength.
Trading Bias: Bearish on GBP/USD.
Short Trade Setup:
Target 1: 1.33000
Target 2: 1.31500
Note: Always monitor real-time price action and news updates. A retracement before continuation could occur, especially at key support/resistance zones.
Would you like a chart marked up with this analysis or more technical insights the support me traders Thanks.
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.