The British Pound (GBP) against the U.S. Dollar (USD) is showing signs of exhaustion near the 1.3300 level, forming a potential lower high.
If the price confirms a break below the immediate support, we could see an aggressive bearish move targeting lower support zones.
Key support levels to watch:
1.32497
1.30997
1.29233
1.27056
A clean break below 1.32497 could accelerate the sell-off, with a major downside target near 1.27056.
Plan:
Monitor price action around the current level. Look for bearish confirmation signals to enter short positions.
Place stop-loss orders above recent highs and manage risk accordingly.
If the price confirms a break below the immediate support, we could see an aggressive bearish move targeting lower support zones.
Key support levels to watch:
1.32497
1.30997
1.29233
1.27056
A clean break below 1.32497 could accelerate the sell-off, with a major downside target near 1.27056.
Plan:
Monitor price action around the current level. Look for bearish confirmation signals to enter short positions.
Place stop-loss orders above recent highs and manage risk accordingly.
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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.
Get Accurate Forex & Gold Signals Daily!
Join our trusted trading team with real-time insights and expert support.
Start your winning journey now
Join our trusted trading team with real-time insights and expert support.
Start your winning journey now
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.