Short Analysis of the GBP/USD Chart:
Short Analysis of the GBP/USD Chart:
- *Current Price*: 1.22722 USD per GBP.
- *Resistance Level*: Around 1.23500 USD, marked as a rejection zone.
- *Support Trendline*: An upward trendline connecting the lows from January 10 to January 21.
- *Potential Movement*: Indication of a downward movement from the rejection zone, suggesting a bearish outlook.
target based on the provided GBP/USD chart analysis:
Bearish Scenario:
- *Initial Target*: If the price rejects the resistance level around 1.23500 USD and confirms a downward movement, the initial target would be around 1.22000 USD.
- *Extended Target*: If the bearish trend continues, a more extended target could be around 1.21000 USD, close to the next significant support level.
- *Current Price*: 1.22722 USD per GBP.
- *Resistance Level*: Around 1.23500 USD, marked as a rejection zone.
- *Support Trendline*: An upward trendline connecting the lows from January 10 to January 21.
- *Potential Movement*: Indication of a downward movement from the rejection zone, suggesting a bearish outlook.
target based on the provided GBP/USD chart analysis:
Bearish Scenario:
- *Initial Target*: If the price rejects the resistance level around 1.23500 USD and confirms a downward movement, the initial target would be around 1.22000 USD.
- *Extended Target*: If the bearish trend continues, a more extended target could be around 1.21000 USD, close to the next significant support level.
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.