After hitting the daily 1 support, looks like GBPUSD building momentum to go up.
Might turn around after hitting strong resistance at 1.241 (psychological level) or 1.247 and continue finishing the daily 2 & 3 support down under.
4hr chart uptrend. Daily oversold. Weekly Downtrend.
Might turn around after hitting strong resistance at 1.241 (psychological level) or 1.247 and continue finishing the daily 2 & 3 support down under.
4hr chart uptrend. Daily oversold. Weekly Downtrend.
Trade closed: target reached
Might still reach 1.247 and above but there are news coming and it can go either way.4hr chart is oversold. Pullback may occur, strong uptrend in daily chart.
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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.